PDAX is licensed and regulated by the Bangko Sentral ng Pilipinas, as such we are committed to protecting our users and adhering to compliance standards. These include collecting certain information and/or documents in order to ensure that we are able to offer our services to qualified consumers.
These documents are helpful for PDAX to mitigate financial crimes. They also help safeguard customers from accessing risky domains which may be associated with money laundering or other related activities.
Furthermore, these documents show where the funds will be coming from. Thus, we can utilize and prevent delays when the geography of a transaction is subject to any restrictions or sanctions programs.
For further inquiries, feel free to browse through our other helpful FAQs or send us a support request at our Contact Us form.