AML & Compliance Policy

STB Remit — Anti-Money Laundering & Compliance Policy

Last updated: 01-10-2026

STB Remit is committed to preventing our service from being used for money laundering, terrorist financing, fraud or breaches of sanctions. This page explains the rules we follow and what they mean for you when you send money with us.

1. Who we are and who supervises us

STB Remit is a trading name of Kanson Services Limited, a company registered in England and Wales (company number 05275139), with its registered office at TBXH @ Sunley, Sunley House, Bedford Park, Croydon, London, CR0 2AP.

Kanson Services Limited is registered by the Financial Conduct Authority (FCA) as a Small Payment Institution under the Payment Services Regulations 2017 (Firm Reference Number 577170). We are registered with HM Revenue & Customs (HMRC) as a Money Service Business and are supervised by HMRC for anti-money laundering purposes (registration number XCML00000218901).

We have appointed a Money Laundering Reporting Officer (MLRO), who is responsible for our anti-money laundering controls and for reporting suspicious activity to the authorities.

2. Our policy

It is our policy to comply with all UK laws and regulations on money laundering, terrorist financing and sanctions at all times. We take a risk-based approach: we assess the risks linked to our customers, the countries we send to, our payment methods and the way we deliver money, and we apply stronger checks where the risk is higher.

Our senior management approves our anti-money laundering policies and receives regular reports on how well they are working. We review our risk assessment and policies at least once a year, and whenever our service or the risks change.

3. The laws we follow

As a UK Money Service Business, we are subject to laws including:

1. the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the "Money Laundering Regulations");
2. the Proceeds of Crime Act 2002 and the Terrorism Act 2000;
3. the Sanctions and Anti-Money Laundering Act 2018 and the UK sanctions regulations made under it;
4. the Criminal Finances Act 2017; and
5. the Payment Services Regulations 2017.

We also follow guidance from our supervisors and the international standards set by the Financial Action Task Force (FATF).

4. Checking who you are — "No ID, no transfer"

We must check the identity of every customer before we send any money, whatever the amount. When you register, we will ask for:

1. your full name, date of birth and residential address;
2. a valid photo identity document: a passport, a driving licence or a national photo identity card; and
3. where needed, proof of address.

We also ask you to take a selfie, which our identity verification provider compares with the photo on your identity document. We may check your details electronically with identity verification providers and ask you to update your documents when they expire or when your details change.

Source of funds and purpose. We may ask where the money you are sending comes from, for example payslips, bank statements or other evidence, and why you are sending it. We are more likely to ask for larger or more frequent transfers, or where a transfer does not match what we know about you.

Enhanced checks. The law requires us to carry out extra checks in some situations, including where a customer or recipient is a politically exposed person (PEP) or a family member or close associate of a PEP, where a transfer involves a country, the UK has identified as high-risk, or where a transaction is unusually large, complex or has no apparent reason.

5. Sending money for yourself only

Our service is for sending your own money for your own purposes. You must not use STB Remit to send money on behalf of another person or let anyone else use your account. If we believe a transfer is being made for someone else, we will ask for information about and identification of that person, and we may refuse the transfer.

Recipient information. The law requires us to collect information about the person you are sending money to, and to send information about you, as the payer, with each transfer. Your recipient may also be asked to show identification before they are paid.

6. Sanctions and screening

We screen every customer, recipient and transaction before money is sent, and screen our customers again regularly. Our screening includes:

1. the UK Sanctions List, which has been the single source of all UK sanctions designations, including the financial sanctions implemented by HM Treasury's Office of Financial Sanctions Implementation (OFSI), since 28 January 2026;
2. the sanctions lists of the United Nations, the US Office of Foreign Assets Control (OFAC) and the European Union;
3. lists of politically exposed persons (PEPs); and
4. adverse media (negative news) databases.

If a transfer involves a person or organisation subject to sanctions, we must stop it, may have to freeze the funds, and must report it to HM Treasury's Office of Financial Sanctions Implementation (OFSI). We do not send money to countries or regions where UK law prohibits it.

7. Monitoring transactions

We monitor transactions throughout their life cycle, from registration to payout. Our controls include:

1. customer risk profiling — building a profile of how each customer normally uses our service;
2. risk assessment — rating customers and transfers by risk, and reviewing higher-risk activity;
3. identity controls and validation — checking that customer and recipient details are genuine and consistent;
4. linked transactions and thresholds — adding together transfers made by the same person, to the same person or over a short period;
5. detecting structuring — identifying transfers that appear to be split into smaller amounts to avoid checks;
6. enhanced due diligence reviews — closer review of higher-risk customers and transfers; and
7. reporting controls — making sure suspicious activity is escalated to our MLRO and reported where required.

8. Reporting suspicious activity

We are required by law to report suspected money laundering or terrorist financing to the National Crime Agency (NCA) by submitting a Suspicious Activity Report (SAR). Our staff must report any concerns to our MLRO.

The law does not allow us to tell anyone that a report has been made or is being considered. This means we may not be able to explain why a transfer has been delayed or refused.

9. Delaying, refusing or stopping transfers

We may delay, refuse or stop a transfer, ask you for more information, or suspend or close your account if:

1. you do not give us the information or documents we ask for;
2. we cannot verify your identity or the source of your funds;
3. we suspect fraud, money laundering, terrorist financing or a breach of sanctions; or
4. the transfer would break the law or our policies.

Where the law allows, we will tell you and explain what you can do. See clause 8 of our Terms and Conditions.

10. Keeping records

We keep copies of identity documents, the checks we carry out and records of every transaction for at least five years after our business relationship with you ends, or five years after an individual transfer, as the Money Laundering Regulations require. We keep them longer only where the law, a regulator or a court requires it. Our Privacy Policy explains how we protect this information.

11. Training, partners and independent review

1. All our staff receive anti-money laundering, sanctions and fraud training when they join and regularly afterwards.
2. We check the background and controls of the banks, payout partners and agents we work with, and monitor them on an ongoing basis.
3. Our anti-money laundering controls are reviewed independently at least once a year.

12. What we ask of you

1. Give us accurate and complete information and tell us the true reason for each transfer.
2. Only send your own money, for your own purposes.
3. Never let anyone else use your account and never receive or send money for someone you do not know — this is known as being a "money mule" and is a crime.
4. If someone has told you what to say to us about a transfer, stop: it may be a scam. See our Fraud Awareness page.

13. More information

If you have questions about this policy, contact us at compliance@stbremit.com or on +44 7517 878358 (09:00–17:00, Monday to Friday).

You can find out more about the rules on the websites of the Financial Conduct Authority (www.fca.org.uk), HM Revenue & Customs (www.gov.uk/hmrc) and the Financial Action Task Force (www.fatf-gafi.org).

STB Remit is a trading name of Kanson Services Limited, registered in England and Wales (company number 05275139), registered by the FCA as a Small Payment Institution (FRN 577170). HMRC MLR reg. XCML00000218901. ICO reg. Z2392177.