Compliance Statement
Version: 1.0
Our Regulatory Philosophy
ThriftPay Technology Limited is committed to operating with integrity, transparency, and respect for applicable laws and regulatory frameworks in every jurisdiction in which we engage.
We believe sustainable financial innovation must be built on strong governance, responsible risk management, and regulatory cooperation.
Licensing & Jurisdictional Structure
ThriftPay Technology Limited is incorporated in the United Kingdom.
The company:
- ThriftPay Technology Limited is not currently authorised or regulated by the Financial Conduct Authority (FCA) and does not provide regulated financial services directly to UK consumers.
- Does not provide regulated financial services directly to UK consumers
- ThriftPay Technology Limited does not hold, safeguard, or control client funds at any time.
Where financial services are delivered in regulated jurisdictions, such services are structured through appropriately licensed local financial institutions and/or joint venture arrangements in compliance with applicable laws.
All regulated financial activities are conducted under the authorization and supervision of the relevant local regulatory authorities.
ThriftPay Technology Limited provides technology, advisory, and operational support services within these structures.
Anti-Money Laundering & Financial Crime Prevention
ThriftPay is committed to supporting robust anti-money laundering (AML) and counter-terrorist financing (CTF) standards.
In jurisdictions where financial services are delivered through licensed partners, those institutions are responsible for implementing AML/KYC controls in accordance with local regulatory requirements.
ThriftPay supports compliance by:
- Promoting risk-based due diligence frameworks
- Encouraging transparency in partner onboarding processes
- Maintaining internal oversight structures aligned with international best practices
We do not tolerate the misuse of financial systems for illicit purposes.
We align our approach with internationally recognised AML/CTF standards, including the Financial Action Task Force (FATF) recommendations, where applicable.
Know Your Customer (KYC) & Due Diligence Principles
Where applicable, client onboarding and identity verification are conducted by licensed financial institutions in accordance with local regulations.
ThriftPay supports responsible onboarding practices by:
- Encouraging enhanced due diligence for higher-risk categories
- Promoting proper record-keeping standards
- Supporting transaction monitoring frameworks implemented by licensed entities
All customer due diligence (CDD) and Know Your Customer (KYC) obligations are performed by licensed financial institutions in accordance with local regulatory requirements.
Governance & Internal Controls
ThriftPay maintains internal governance processes designed to promote:
- Ethical decision-making
- Operational oversight
- Risk assessment and mitigation
- Clear reporting lines within the organization
We seek to align our internal control standards with internationally recognized governance and risk management principles.
Data Protection & Cybersecurity
We are committed to safeguarding data and maintaining appropriate technical and organizational security measures.
As a UK-incorporated company, we adhere to applicable UK data protection laws, including UK GDPR where relevant.
We implement reasonable safeguards to protect information from unauthorized access, misuse, or disclosure.
We may implement administrative, technical, and organizational safeguards to protect information in accordance with applicable data protection laws
Where applicable, we act as a data processor or data controller in accordance with UK GDPR requirements.
Risk Disclosure
ThriftPay Technology Limited does not provide financial, investment, or lending advice.
Any financial services made available through partner institutions may carry risk. Users and partners should conduct their own due diligence before engaging in financial transactions.
ThriftPay is not responsible for the financial performance or obligations of partner institutions.
Ethical Conduct
ThriftPay Technology Limited promotes a culture of integrity and accountability.
The company is committed to:
- Avoiding conflicts of interest
- Acting fairly in strategic and institutional engagements
- Conducting business with transparency
- Respecting regulatory expectations in each jurisdiction
We seek to align our internal control standards with internationally recognized governance and risk management principles.
Regulatory Cooperation
ThriftPay is committed to cooperating with relevant regulatory authorities where required by law.
We support lawful regulatory oversight and believe proactive engagement strengthens financial ecosystems and long-term sustainability.
Where appropriate, ThriftPay intends to engage proactively with regulators in jurisdictions in which it operates or plans to operate.
This Compliance Statement is provided for informational purposes only and does not constitute legal, financial, or regulatory advice.
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