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⍰ ASK Are there any specific regulations businesses need to be aware of when utilizing offshore merchant services?

Following laws is important for merchant business. Two big ones are anti-money laundering and know your customer (KYC) rules. They help prevent illegal money activities and fraud.

Taxes are a big deal too, businesses need to know the tax rules at home and in the offshore place. Sharing financial info needs to follow privacy rules like GDPR in Europe.

Pick offshore providers that care about data security and follow these rules to keep customer info safe.
 

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