1.Purpose and scope
This document describes Shefa Digital's approach to anti-money laundering (AML), counter-terrorist financing (CTF), and sanctions compliance in connection with the Shefy platform. It is an approach statement describing our own conduct and our reliance on our regulated payment service provider's controls — not a standalone regulated AML compliance program, since Shefa Digital is not itself a regulated payment or financial institution.
2.What Shefa Digital is
Shefa Digital operates Shefy, a software-as-a-service (SaaS) platform for the administrative and commercial management of small businesses and independent professionals (clients, quotes, invoices, appointments, and related tools). Shefa Digital does not itself provide regulated payment services, and does not hold, safeguard, or settle funds on behalf of its users or their customers.
3.The role of our payment service provider
Where Shefy offers payment collection functionality, that functionality is provided by a regulated, licensed third-party payment service provider (e.g. OPP / Worldline). That provider is directly responsible for merchant know-your-business (KYB) checks, anti-money-laundering (AML) and counter-terrorist-financing (CTF) checks, sanctions screening, and related payment risk monitoring for the merchants it onboards for payment functionality — Shefa Digital does not operate an independent, standalone AML/KYB screening system or sanctions-screening software of its own.
4.Shefa Digital's own cooperation
Shefa Digital supports and cooperates with its payment service provider's controls — for example, by providing relevant account or business information to that provider where legally and contractually permitted, and by directing prospective and existing users through that provider's own onboarding process where payment functionality is used.
5.Prohibited use
Shefa Digital prohibits the use of Shefy for any illegal purpose, including money laundering, terrorist financing, sanctions evasion, fraud, or any other prohibited or unlawful business activity.
6.Sanctions compliance
Shefa Digital does not knowingly do business with any individual or entity subject to applicable trade or economic sanctions, and complies with the sanctions obligations applicable to its own business as an Israeli sole proprietorship. Screening of merchants for sanctions purposes, in connection with payment functionality, is performed by our payment service provider as described in section 3.
7.Suspicious activity
Shefa Digital may suspend or restrict an account where suspicious or apparently illegal activity is identified, and may report such activity to its payment service provider or to the relevant authorities where legally required.
8.Review and updates
This approach is reviewed periodically and updated as the business, its payment arrangements, or applicable regulation evolve.
9.Contact
Questions about this document can be sent to [email protected].