7 - Legal and Compliance Framework
7.1 - Regulatory Compliance
The PACT Foundation is established as a legal entity in the Cayman Islands, a jurisdiction recognized for its adherence to international financial and regulatory standards. This strategic location enables PACT to operate with global legitimacy while maintaining the flexibility required to innovate in emerging and developed markets.
7.2 - Compliance Measures
To uphold the highest standards of integrity and security, PACT employs comprehensive compliance protocols:
Regulatory Alignment: The platform continuously monitors evolving global regulations, ensuring its operations remain compliant across jurisdictions. This proactive approach minimizes legal risks and supports cross-border engagement.
KYC/AML Procedures: PACT implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols to prevent illicit activities, safeguard the ecosystem, and maintain trust among users and regulators.
Data Protection: PACT adheres to local and international data protection laws, ensuring user information is securely managed and respecting privacy rights. This includes compliance with frameworks such as GDPR and other relevant standards.
Transparent Operations: The protocol undergoes regular audits and disclosures to assure stakeholders of its operational integrity. PACT fosters trust and accountability across its ecosystem by maintaining open and auditable practices.