Proposed process
Review before execution.
The intended process is designed around documented business activity, identifiable counterparties and a defensible payment purpose.
- 01
Business Application
A non-sensitive pre-screening submission describing the company, ownership, activity and anticipated payment needs.
- 02
KYB Review
Review of corporate documents, directors, shareholders and UBOs; sanctions, PEP and adverse-media screening; and assessment of real activity and expected transactions.
- 03
Transaction Review
Review may include invoice, contract, payer and payee, goods documentation, source of funds and the economic rationale for the payment.
- 04
Payment Processing
After compliance approval, processing would occur through available bank or payment channels. Availability and timing cannot be guaranteed.
Every transaction is subject to compliance review and may be delayed or rejected where supporting information is insufficient.