Risk & Compliance Framework

Operational Governance and Financial Risk Controls of LQTTA

LQTTA operates as a UAE-based digital marketplace technology platform. This framework outlines the operational controls, compliance structure, and financial risk management standards implemented to maintain platform integrity.

LQTTA does not operate as a bank, financial institution, or licensed payment service provider. All payments are processed via authorized third-party providers.

1. Business Model Classification

LQTTA functions strictly as a technology marketplace platform and limited payment collection agent. Sales contracts are formed directly between vendors and customers.

2. Vendor Verification Controls

Mandatory UAE business registration verification
License documentation review
Ongoing monitoring of vendor activity
Right to suspend high-risk vendors

3. Payment and Financial Controls

Centralized payment processing via approved PSPs
Prohibition of off-platform transactions
Seven-day payout delay after confirmed delivery
Right to withhold funds in cases of disputes or fraud
Deduction rights for refunds and chargebacks

4. Fraud Prevention Measures

Transaction monitoring for unusual activity
Manual review of flagged transactions
Account suspension authority
Cooperation with financial institutions and regulators

5. Data Protection Standards

LQTTA applies reasonable technical and organizational safeguards to protect personal and transactional data in accordance with applicable UAE laws.

6. Regulatory Alignment

LQTTA aligns its operations with applicable UAE commercial, consumer protection, and electronic transaction regulations. The framework is subject to ongoing review and enhancement as operations scale.