Volet Achieves Green Compliance and Risk Rating on PayRate42

Volet, the international payment processor formerly known as Advcash, has successfully verified its profile on PayRate42, reinforcing its commitment to transparency, security, and compliance. This verification has led to an upgrade in Volet's rating to Green Compliance and Green Risk on PayRate42.

Volet's profile verification on PayRate42 signifies the company's dedication to providing the highest level of transparency to its customers and partners. The comprehensive review and rating update were conducted in collaboration with the PayRate42 team, highlighting Volet's adherence to industry best practices.

Recently, Volet undertook a significant restructuring of its corporate framework. This strategic move included rebranding to Volet and registering with the Canadian Financial Transactions and Reports Analysis Centre (FINTRAC) as a Money Services Business (MSB) through its Toronto-based subsidiary, Queensland Foreign Exchange Inc. Additionally, Volet's crypto services are now managed by Second February Limited.

The restructuring and FINTRAC registration have brought notable improvements to Volet's Know Your Customer (KYC) procedures. A spokesperson for Volet stated, "By verifying our profile on PayRate42, we aim to demonstrate our commitment to ensuring Volet represents transparency and compliance in the dynamic digital payment sector. Compliance is a strategically important goal for Volet, and this verification underscores our dedication to maintaining the highest standards."

Volet's achievement of the Green Compliance and Green Risk Rating on PayRate42 is a testament to its proactive approach in enhancing operational standards and compliance measures. This milestone reflects Volet's ongoing efforts to lead with integrity in the global digital payments landscape.

Read More about Volet:
www.payrate42.com/listings/volet/

8 The Green
19901 City of Dover
Delaware
United States

PayRate42 is a rating agency specializing in payment processors. Our main goal is to protect merchants and consumers by providing transparency through the evaluation and rating of financial service providers. High-Risk Payment Processors (HRPP) operating outside the established regulatory framework are our primary focus.

This release was published on openPR.