Anti-Money Laundering Policy
How KeyBS Pay prevents money laundering, terrorist financing and financial crime across every payment corridor we support.
Last updated: June 2026
Our Commitment
KeyBS Pay — operated by KEYBS FINANCE LLC (United States) and KeyBS Solution GH Ltd (Ghana) — is committed to the highest standards of anti-money laundering (AML) and counter-terrorist financing (CTF) compliance. We maintain a risk-based compliance programme aligned with FATF Recommendations, the US Bank Secrecy Act principles, and the AML/CFT laws of the jurisdictions in which our licensed partners operate.
Know Your Customer (KYC) & Know Your Business (KYB)
Every customer completes identity verification before transacting. For businesses, this includes verification of incorporation documents, beneficial ownership (UBO) identification at the 25% threshold or greater, director screening, and proof of business activity. Enhanced due diligence (EDD) is applied to higher-risk customers, jurisdictions, and transaction patterns.
Sanctions Screening
All customers, beneficial owners and payment beneficiaries are screened against global sanctions and watch lists — including OFAC (SDN), UN Security Council, EU Consolidated, UK OFSI and applicable local lists — at onboarding and continuously thereafter. Transactions involving sanctioned parties, or prohibited jurisdictions, are blocked and escalated.
Transaction Monitoring
Transactions are monitored using rule-based and behavioural analytics to detect structuring, unusual velocity, corridor anomalies and other red flags. Alerts are reviewed by our compliance function, and where required, escalated to our licensed financial institution partners who hold the regulatory reporting obligations.
Record Keeping & Reporting
Customer identification records, transaction data and due diligence documentation are retained for a minimum of five (5) years, or longer where local law requires. Suspicious activity is reported to the relevant Financial Intelligence Unit (FIU) via our partners in accordance with applicable law. Tipping-off is strictly prohibited.
Governance & Training
Our AML programme is overseen by a designated compliance officer. All staff receive AML/CTF training at onboarding and annually thereafter. The programme is reviewed at least annually and independently tested on a periodic basis.
Partner Model
KeyBS Finance LLC and KeyBS Solution GH Ltd are technology services providers and are not banks. Banking and regulated financial services are provided through licensed financial institution partners, each of which maintains its own regulator-approved AML programme. Questions about this policy can be directed to info@keybs.io.