Compliance
Compliance Framework
XICUI applies compliance controls to all cross-border business payments. This page explains our compliance framework — what we check, why we check it, and what customers may be asked to provide.
Know Your Business (KYB)
All business customers are subject to KYB verification before payment services are activated. This includes verification of business registration, ownership structure, and business purpose.
Anti-Money Laundering (AML)
XICUI applies AML controls to all transactions, including transaction monitoring, pattern analysis, and reporting obligations in applicable jurisdictions.
Sanctions Screening
All customers, beneficiaries, and transactions are screened against applicable sanctions lists, including OFAC, UN, EU, and other relevant lists.
Transaction Monitoring
Ongoing monitoring of transaction patterns to identify unusual activity. Transactions may be subject to enhanced due diligence or held for review.
Source and Purpose of Funds
Customers may be required to provide documentation on the source of funds and the commercial purpose of payments, particularly for larger transactions.
Beneficiary Verification
Chinese and international beneficiaries are subject to verification before payments are processed. This protects customers from fraud and ensures regulatory compliance.
Transaction Documentation
Commercial invoices, purchase orders, and other trade documentation may be required to support cross-border business payments.
Important notice
XICUI does not reveal operational thresholds, monitoring rules, or internal compliance procedures that could be used to circumvent compliance controls. Customers are expected to provide accurate information and documentation. Providing false information or attempting to circumvent compliance checks may result in account suspension and reporting to relevant authorities.
Questions about compliance?
Contact our compliance team for guidance on documentation requirements.