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Why does Apron need information about the nature of my business?
Why does Apron need information about the nature of my business?
Marek Liszka avatar
Written by Marek Liszka
Updated over 8 months ago

TL;DR: To ensure that we’re meeting regulatory compliance standards, and to detect fraud.

At Apron, understanding the nature of your business is crucial for several reasons.

Firstly, it helps us ensure compliance with regulatory requirements specific to payment services in the UK. This information also allows us to tailor our services to better meet the unique needs of your industry.

Furthermore, by gaining insights into your business activities, we can enhance our risk management processes, detect any potential fraudulent activities, and maintain the security of our financial services. Rest assured, all the information provided is handled with the utmost confidentiality and under our strict privacy and security policies.

If you have any specific concerns or would like further clarification about the information we require, please feel free to reach out to our customer support team at [email protected].

We appreciate your cooperation in ensuring a secure and compliant financial environment.

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