We are really staggering in launching our platform, mainly, because we are not finding clear answers on what steps to take to be compliant with regulations. We are using Stripe Connect service for the money flow but apart from that, we are overwhelmed about accounting and legal matters that seem to not be going anywhere.
You need to ensure that you build into te platform a mechanism to establish who the funders and recipients really are so that you do not become a money laundering/ terror financing point. You have to know with a high confidence level who the source of funds is and who the ultimate payee is.
Answered 5 years ago
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