The Partner-Led Architecture
KariSend operates as a registered PSD Agent (application in progress) under the supervision of FCA-authorised Principals. This model ensures that:
- Safeguarding100% of customer funds are held in segregated safeguarding accounts at Tier-1 banks, completely separate from KariSend’s own company funds.
- OversightEvery transaction is subject to the compliance controls and monitoring of our regulated partners.
Robust AML/CTF Controls
We employ a risk-based approach to financial crime, utilizing:
Sanctions ScreeningReal-time checking against HM Treasury, OFAC, and UN sanctions lists.
PEP ScreeningIdentification of Politically Exposed Persons.
Transaction MonitoringAutomated detection of unusual transaction patterns or velocity spikes to prevent fraud.
Treating Customers Fairly
We align fully with the FCA's Consumer Duty principle. Our pricing is transparent, our terms are clear, and our support team is accessible. We design our products to deliver good outcomes for retail customers.