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Re: Anyone been using Pyypl? It seems a potential virtual card can use crypto as wel
by
singlass
on 06/11/2023, 05:13:22 UTC
⭐ Merited by JeromeTash (1)
they've been fined 480k for "failing to adhere to anti-money laundering regulations", PYYPL cooperated & agreed to settle & pay the fine to which they received a discount of 20% (the fine was originally set at 600k), probably they're upgrading their system to comply with the regulations

source :   https://verify365.app/abu-dhabi-financial-services-regulatory-authority-imposes-fine-on-pyypl-for-aml-compliance-failure/#:~:text=Abu%20Dhabi%2C%20October%204%2C%202023,money%20laundering%20(AML)%20regulations.