Trusted by over 600,000 users globally

Veem is a certified licensed money transmitter trusted in over 100 countries to deliver funds securely and in a compliant manner.

Account security

Our account protection practices include brute force prevention on login attempts, enforcing minimum password complexity requirements, and two-factor authentication to protect accounts from unauthorized access.

Safe data handling

Veem encrypts all data in transit and at rest. We regularly monitor all aspects of our systems, databases and transactions to ensure that any client information is stored safely and securely. All parts of Veem’s platform are secured with a defense-in-depth approach to networking, and all connections are secured via Transport Layer Security (TLS).

Veem operates under a national
Money Transmission Licensing program and
currently holds 47 state licenses.

Our licenses

Transaction protection

Veem offers transaction protection at every step of the way, starting with advanced authentication and KYC processes to validate users identities, all the way up to fraud protection through recurring risk checks and regular platform monitoring.

A culture of security

At Veem, security is embedded in our company’s culture. Our employees are trained on data handling and security awareness, and tested on a yearly basis. Specialized training is offered for engineers as well as security and compliance staff.

PCI-DSS Compliant

We are fully compliant with the Payment Card Industry — Data Security Standard (PCI-DSS) — a set of requirements that help companies process, store, or transmit payment card information safely.

SOC2 Certified

Each year, Veem undergoes a SOC 2 Audit to demonstrate that the company’s data security controls are properly designed, and that controls operate effectively over the audit period.

Our Attestation of Compliance (AOC) is available to current and prospective enterprise customers upon request, subject to the appropriate non-disclosure agreements.

Regulated by FinCEN

The Financial Crimes Enforcement Network is a bureau of the United States Department of the Treasury that monitors financial transactions in order to combat domestic and international money laundering, terrorist financing, and other financial crimes.

Regulated by Fintrac

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) facilitates the detection, prevention and deterrence of money laundering and the financing of terrorist activities, while ensuring the protection of personal information.

Regulated by AMF

The AMF regulates Québec’s financial markets and oversees, in an integrated manner, the areas of insurance, securities, derivatives, deposit institutions—other than banks—and the distribution of financial products and services.

Flexewallet

Veem is a sub-license of Flexewallet, an international financial payments specialist that holds an Australian Financial Services License (AFSL) and is registered with AUSTRAC as a remittance network provider (RNP).

Fraud protection

Veem is actively identifying and preventing users from online threats and susceptibilities.

Veem does not integrate with or facilitate use of any cryptocurrency exchanges,and encourages all users of our platform to reach out to client services ([email protected]) with any questions regarding sending payments through third party vendors.

Reporting vulnerabilities

Veem investigates all reported vulnerabilities regarding our web application. If you believe you have discovered a vulnerability that affects Veem’s API or Web Applications, please let us know and our team will take the necessary steps to carefully investigate each matter.

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