Trust & Compliance
Compliance & Financial Crime Framework
How KeyBS Pay approaches customer verification, KYB/KYC, sanctions screening, transaction monitoring, enhanced due diligence and financial-crime risk across its payment platform and partner infrastructure.
Requirements and service availability vary by business profile, jurisdiction, payment corridor and partner coverage.
KeyBS Finance LLC — Registered Money Services Business with FinCEN·Reg. No. 31000337575912How does KeyBS Pay approach compliance?
KeyBS Pay uses a risk-based compliance framework covering business verification, KYC/KYB, beneficial ownership, sanctions screening, transaction monitoring and enhanced due diligence. KeyBS Pay is a technology platform, not a bank. KeyBS Finance LLC is registered with FinCEN as a U.S. Money Services Business, while regulated financial services are delivered through licensed financial-institution partners where applicable.
Regulatory Structure
KeyBS Pay maintains a compliance framework designed to support customer due diligence, financial-crime prevention and the requirements applicable to the services and jurisdictions in which eligible products are offered. Regulated services are delivered through licensed financial-institution partners where applicable.
KeyBS Pay is a technology platform and is not a bank. Regulated financial services are provided through licensed financial-institution partners where applicable.
KeyBS Solution Ghana Ltd
Trading as KeyBS Pay. Technology-services entity, headquartered in Accra, Ghana.
Reg. CS312592017 · Ghana Office of the Registrar of Companies
KeyBS Finance LLC
Montana, United States. KeyBS Finance LLC is registered with FinCEN as a U.S. Money Services Business (MSB), Registration No. 31000337575912. The registration lists money transmission, dealing in foreign exchange and other MSB activity.
Reg. C1657068 · Montana Secretary of State
Licensed Partner Model
Regulated activities such as money transmission, foreign exchange, payment processing, card issuing and safeguarding of customer funds are performed through duly licensed financial-institution partners where applicable to the relevant service and jurisdiction. Each partner holds and maintains the licences, registrations and regulatory approvals required for the services it provides.
AML & Financial Crime Controls
KeyBS Pay's compliance framework follows relevant Financial Action Task Force guidance and incorporates controls designed to support customer due diligence, sanctions screening, transaction monitoring and financial-crime risk management. Where regulated partners perform specific compliance functions for a service, those functions operate within the partner's own regulatory framework.
Risk-based customer due diligence
KYC / KYB verification proportionate to the risk presented by the business, ownership, jurisdictions and expected activity.
Sanctions & watchlist screening
Customer, beneficiary and counterparty screening against relevant international sanctions lists, through KeyBS Pay and/or applicable regulated partner infrastructure.
Transaction monitoring
Monitoring and compliance controls designed to identify unusual or potentially suspicious activity.
Enhanced due diligence
Additional review and documentation for higher-risk profiles under the approved Customer Risk Appetite.
Record keeping
Customer, transaction and compliance records are retained in accordance with applicable legal, regulatory, contractual and partner requirements.
Training & policy maintenance
Staff training, documented policies and procedures, and periodic review of controls.
KYC & KYB Verification
Business onboarding can involve verification of:
Enhanced Due Diligence
Additional review and documentation may be required depending on:
KeyBS Pay maintains two distinct policy categories: activities that are prohibited and outside risk appetite, and high-risk industries that remain eligible subject to enhanced review with Source of Funds and Source of Wealth documentation. High-risk classification does not by itself mean a business is prohibited.
Sanctions Screening
Customer, beneficiary and counterparty screening may include checks against relevant international sanctions lists, including OFAC, EU and UN lists, with screening and monitoring performed through KeyBS Pay and/or applicable regulated partner infrastructure.
Screening scope and configuration depend on the service, payment corridor and the applicable partner arrangement.
Transaction Monitoring
Transaction activity is subject to monitoring and compliance controls designed to identify unusual or potentially suspicious activity. Reviews, escalation and reporting are handled according to applicable legal, regulatory and partner requirements.
Where reporting obligations arise, suspicious activity is escalated and handled in accordance with applicable legal, regulatory and partner reporting requirements.
If you believe you have witnessed suspicious financial activity related to our platform, contact compliance@keybs.io.
Compliance Governance
The compliance framework operates under senior-management and compliance-function oversight, with documented policies and procedures that are maintained and periodically reviewed.
- Compliance oversight by senior management and the compliance function
- Documented policies and procedures
- Risk-based onboarding
- Escalation processes
- Staff training
- Periodic review of controls
- Partner due diligence
- Compliance-policy maintenance
Due-Diligence & Compliance Resources
KYC, KYB & EDD Requirements
The full verification requirements, EDD triggers and risk-appetite detail.
Official Business Account Checklist
Downloadable PDF · Version 1.0 · August 2026.
Licenses & Registrations
Corporate registrations, FinCEN MSB status and the licensed-partner model.
Company Facts
The authoritative corporate record — entities, registrations and verification.
Trust Center
Due-diligence overview: security, governance and company verification.
Compliance — frequently asked questions
Is KeyBS Pay a bank?
No. KeyBS Pay is a technology platform. Regulated financial services — such as money transmission, foreign exchange, payment processing, card issuing and safeguarding of customer funds — are provided through licensed financial-institution partners where applicable.
Is KeyBS Finance LLC registered with FinCEN?
Yes. KeyBS Finance LLC is registered with FinCEN as a U.S. Money Services Business (MSB), Registration No. 31000337575912. The registration lists money transmission, dealing in foreign exchange and other MSB activity.
Is FinCEN MSB registration the same as a banking licence?
No. FinCEN MSB registration is a federal registration for U.S. money services businesses. It is not a banking licence and does not constitute approval, endorsement or supervision equivalent to a bank charter. Applicable regulated services are provided through licensed financial-institution partners.
How does KeyBS Pay perform KYC and KYB?
Business onboarding can involve verification of the legal entity, beneficial ownership, relevant directors and control persons, authorised users, the banking relationship, business activities, expected transaction activity, applicable licences and registrations, and Source of Funds where required. The full requirements are published at keybs.io/compliance/kyc-kyb-edd.
What is Enhanced Due Diligence?
Enhanced Due Diligence (EDD) is an additional level of review that may apply depending on business activity, jurisdiction, beneficial ownership, PEP exposure, transaction profile and other risk factors defined in the approved risk framework. It typically involves Source of Funds, Source of Wealth and further supporting documentation.
Does KeyBS Pay screen for sanctions risk?
Customer, beneficiary and counterparty screening may include checks against relevant international sanctions lists, including OFAC, EU and UN lists, with screening and monitoring performed through KeyBS Pay and/or applicable regulated partner infrastructure.
How does transaction monitoring work?
Transaction activity is subject to monitoring and compliance controls designed to identify unusual or potentially suspicious activity. Reviews, escalation and reporting are handled according to applicable legal, regulatory and partner requirements.
Where can I find the KYC and KYB requirements?
The full KYC, KYB and EDD requirements — including the six EDD triggers and the downloadable business account checklist — are published at keybs.io/compliance/kyc-kyb-edd.
Where can I verify the company registrations?
Check CS312592017 with the Ghana Office of the Registrar of Companies, C1657068 with the Montana Secretary of State, and the FinCEN MSB registration of KeyBS Finance LLC (No. 31000337575912) via the official FinCEN MSB Registrant Search. The authoritative record is published at keybs.io/company-facts.
Who provides the regulated financial services used by KeyBS Pay?
Duly licensed financial-institution partners in each jurisdiction where the service is offered. Each partner holds the licences and registrations required for the services it provides. Details of the partner of record for a specific corridor or service are available on request as part of the enterprise due-diligence pack.
Can KeyBS Pay request additional compliance documents?
Yes. Additional information may be requested where required for compliance, risk assessment, verification or regulatory purposes — depending on risk profile, business activity, jurisdiction or transaction profile.
How can my compliance team request due-diligence information?
Email compliance@keybs.io for compliance queries, or info@keybs.io for the enterprise due-diligence pack containing registration documents and partner-of-record details.
Need Compliance or Due-Diligence Information?
Our compliance team can assist eligible businesses, partners and procurement teams with onboarding requirements, corporate verification and due-diligence documentation.
See also: Privacy Policy · Terms of Service · Legal Notices