Zepz company statement regarding the Transaction Record Analysis Center
06.02.2023 | 1 minute read
Neither Zepz or its remittance brands WorldRemit or Sendwave, has shared data of any kind with the Transaction Record Analysis Center, or TRAC, a database that monitors the flow of funds through money services between the U.S. and countries around the world. Furthermore, WorldRemit has had no interaction with the nonprofit, by way of subpoena or other.
Lastly, we believe that immigrants and their families have a universal right to expect financial data privacy and we will continue to safeguard customers from unwarranted access to personal information.
User privacy and security remain a top priority for our company, and as such, Zepz is committed to protecting users’ privacy and ensuring transparency in the process of handling all user data. Zepz has comprehensive policies in place to ensure that customers are equipped with necessary safeguards. In line with legal requirements for international money transfer services, Zepz maintains best practices in anti-money laundering efforts while adhering to U.S. regulatory standards.
However, where Zepz and its brands have reason to suspect fraud, money laundering, counter terrorist financing, or any other illegal activity, we are required to share relevant information with authorized government agencies.
For full details on WorldRemit’s Privacy Policy, please visit this link. For Sendwave’s Privacy Policy, please visit this link.
About WorldRemit
We are a leading global payments company and, along with Sendwave, part of Zepz, a group powering two global remittance brands.
We disrupted an industry previously dominated by offline legacy players by taking international money transfers online – making them safer, faster and lower cost. We currently operate in more than 5,000 money transfer corridors worldwide and as part of Zepz, are part of a 1,400 person global workforce.
Sending money with WorldRemit is 100% digital (cashless), increasing convenience and enhancing security. For those receiving money, we offer a wide range of options, including bank transfer, cash pickup, airtime top up and mobile money.
Backed by Accel, TCV and Leapfrog – WorldRemit’s headquarters are in London, United Kingdom, with regional offices in the United States, Poland, Canada, Australia, Hong Kong, Singapore, Malaysia, the Philippines, South Africa, Somaliland, Uganda, Kenya, Rwanda, Tanzania, Zimbabwe and Belgium.
About Zepz
Zepz Group is the group powering leading global remittance brands: WorldRemit and Sendwave. Since 2021, Zepz Group has been disrupting an industry previously dominated by offline legacy players by reducing the barriers to finance and increasing safety and convenience for users. Every day, Zepz Group and its brands work towards unlocking the prosperity of cross-border communities through finance and technology - driven by the vision of a world that celebrates migrants’ impact on prosperity, at home and abroad.
Zepz Group brands have helped cross-border communities send over $15bn from 50 countries, to recipients in 130 countries in 2022, and operate over 5,000 money transfer corridors worldwide. Zepz Group employs over 1,400 people globally as a remote-first employer, with team members located across six continents.
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