Castler closes Pre-Series A funding of $6 Million led by Flipkart, Capital 2B, IIFL Fintech Fund, Venture Catalysts & Zerodha

How can a business ensure that the escrow agent is compliant with all relevant laws and regulations?

When using an escrow service, it is important for businesses to ensure that the escrow agent is compliant with all relevant laws and regulations. This can be done by conducting research on the escrow agent’s reputation and track record, as well as verifying their licensing and registration with relevant regulatory bodies. Additionally, businesses can request documentation and proof of compliance with specific regulations, such as anti-money laundering laws or data protection regulations. It is also important for businesses to establish clear communication and expectations with the escrow agent, including regular updates and reporting on the status of the escrow account. By taking these steps, businesses can ensure that their escrow agent is operating in a compliant and trustworthy manner, which can help to mitigate risks and protect their interests in the transaction. Castler digital escrow system is a platform that provides secure and compliant escrow services for businesses and individuals, ensuring that all transactions are conducted in a transparent and trustworthy manner.