AML Overview
A plain-language summary of KeyBS Pay’s AML/CTF compliance posture, written for compliance and legal reviewers vetting KeyBS Pay as an OTC counterparty.
1. FinCEN Registration
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. The desk operates under a documented AML/CTF compliance program that follows Financial Action Task Force (FATF) guidance for cross-border payment providers and is reviewed on an ongoing basis.
KeyBS Pay is the trading name of KeyBS Solution Ghana Ltd (Reg. CS312592017, Accra, Ghana); the full corporate record is published at keybs.io/company-facts.
2. KYB verification standards
Every OTC counterparty is verified through KeyBS Trust Intelligence KYB screening before a first trade. Verification covers:
Business registration against official registries · ultimate beneficial ownership (UBO) identification · sanctions screening against OFAC, EU and UN lists · adverse media and risk-signal review · and validation of the settlement accounts that will send and receive funds.
Counterparties are re-screened on an ongoing basis; material changes in ownership or risk profile trigger re-verification before further trades.
3. What documentation to expect to provide
Typical onboarding pack for a corporate counterparty:
Certificate of incorporation and business registration extract · shareholder/UBO register · director identification · proof of registered address · bank/settlement account confirmation · and, for regulated entities, the applicable licence or registration reference.
Higher-risk corridors or activity profiles may require source-of-funds documentation for specific trades. The desk confirms the exact list during onboarding.
4. Monitoring, records & reporting
Trades are monitored on an ongoing basis, with automated transaction monitoring across the platform. Trade confirmations and settlement records are retained for audit and regulatory reporting and are retrievable on request.
Suspicious activity is escalated and reported in line with applicable regulatory obligations. Compliance queries: compliance@keybs.io.
Need the full compliance pack?
Registration documents and policy summaries are available to counterparties under review.
Email the Compliance Team