1. Vendor onboarding (Know Your Vendor)
- Every vendor account is identity-verified at sign-up: CNIC of beneficial owner(s), business registration where applicable, NTN, business address.
- Bank account name must match the registered business name on file.
- Politically Exposed Persons (PEPs) and adverse-media flags trigger enhanced due diligence before approval.
2. Customer KYC
Customers verify their phone and email at sign-up. For bookings above a threshold defined by Pakistani regulation we may request additional identity verification (CNIC, address proof). [LEGAL REVIEW — confirm threshold value]
3. Transaction monitoring
- Automated monitoring flags unusual booking or payout patterns: high-value bookings split into multiple transactions, mismatched names, rapid refund-and-rebook loops, and other AML red flags.
- Flagged accounts are reviewed by our compliance team. Where required, we file Suspicious Transaction Reports (STR) with the FMU.
4. Sanctions screening
Vendors and customers are screened against UN, OFAC, EU, and Pakistan-level sanctions lists at onboarding and on a recurring basis.
5. Record-keeping
We retain transaction and KYC records for at least 7 years, as required by Pakistani law.
6. Reporting concerns
If you believe an account on Wedding Wala is being used for money laundering, terrorism financing, or other illegal purposes, report it to Contact with as much detail as you can share. We take all reports seriously and never disclose reporter identities to subjects.
7. Limitations
Wedding Wala is a marketplace, not a financial institution. We rely on licensed payment processors (PayFast Pakistan, Stripe) for the money-handling itself, who maintain their own AML/CFT controls in addition to ours.