Cases
Case: Account opening for a client in Multipass and Payella payment systems
June 10th, 2025
Client’s request
To open accounts with Multipass and Payella for stable cross-border transactions, with full alignment to security protocols and regulatory standards.
Client’s risks
- Strict AML/KYC procedures, particularly for clients with layered ownership structures.
- Regulatory scrutiny across jurisdictions, requiring proof of actual business activity and the absence of shell companies.
- Lack of strong contractual base with customers or vendors to justify incoming payments.
- Risk of rejection or account suspension due to inaccurate or excessive data disclosure.
Our actions
Compliance review:
- Assessed the company’s documentation and compliance status, including analysis of prior rejections if any.
Document structuring:
- Developed tailored agreements with clients and partners, explicitly detailing income sources.
Adaptation to system-specific requirements:
- For Multipass: submitted proof of active operations in the UK, including local partner contracts and virtual office lease.
- For Payella: prepared documentation proving EU-based control, including agreements with contractors in the EU.
Support in communication and submission:
- Handled all document submissions, responded to follow-up queries from compliance officers, and reviewed the final KYC profile before validation.
Tetiana
LFT Advisors manager
Result
Accounts were opened without delays. The client gained access to multicurrency transfers, reduced payment servicing costs, and expanded into new markets. Full legal oversight ensured transaction compliance with financial oversight standards.
