AML Compliance For Fintechs - Case Study

This case study was prepared for Guulpay, a FinTech company. This case study provides information on how the Sanction Scanner helps FinTech to ensure AML and KYC compliance.


About Guulpay

Guulpay is a FinTech company located in Helsinki, Finland. Guulpay, one of Finland's best payment service providers, makes digital payments easy, secure, and fast. With Guulpay's application, you can send money anywhere and anytime, request money, and also pay bills. Guulpay provides the most secure systems to protect customers' money by implementing procedures such as real-time monitoring, fraud prevention, end-to-end SSL data encryption, and digital authentication.  Also, Guulpay is registered with the Finnish Financial Supervisory Authority.


About the Case Study

As we mentioned above, Guulpay is a fintech business and Guulpay provides cross-border transfer service, e-wallet service, mobile wallet service, and bill payment services. In this case study, you can examine the challenges Guulpay faced in AML compliance processes and the solutions it has implemented.


Financial Technologies continue to change people's habits with its easy, fast, and competitively priced solutions. However, fintech startups and companies have increased the number of customers and the fintech industry has grown significantly in recent years.

AML Regulations in FinTech Sector

FinTech companies are subject to Anti-Money Laundering (AML) regulations of regions they serve while providing these services. The use of services provided by financial technology companies as a potential crime method by criminal organizations has made it necessary for fintech companies to play an effective role in combating financial crimes. Therefore, financial organizations providing services in the FinTech industry have to fulfill their AML obligations in the regions they serve to ensure AML compliance.



We strengthened and accelerated our AML compliance processes with Sanction Scanner. And, we have automated our control process by reducing our workload with the Sanction Scanner's API.


Hussein Boor / CEO at Guulpay



Previous Post
AML Compliance For Gambling Businesses - Case Study
Next Post
AML Compliance For Crypto Exchanges - Case Study