Regulatory
Anybill’s affiliated company, Paypool LLC (www.pay-pool.com), is the payment processor on behalf of all Anybill clients and Paypool is recognized as a money service business and money transmitter processor by all necessary jurisdictions.
There are regular auditprocedures for the company to maintain these statuses which requires thesharing of information, ranging from financial to transactional, relating toall aspects of the business and its financial competency and viability.
The following are examples ofthe activities that Paypool undertakes to maintain these statuses:
- AICPA SOC (I and II)
- Independent Compliance Review (Bank Secrecy Act / Anti-Money Laundering) Review
- NACHA Audit
- State Level Activity (as required)
- Examinations
- Reporting Requirements
- License Renewals
- Municipal Inquiries (as required by the state)
- Other Internal Reporting and Monitoring