KYB (Know Your Business): UBO checks, risk scoring, onboarding

KYB (Know Your Business)

Content focused on KYB (Know Your Business) for high-risk payments. We cover the end-to-end merchant/partner onboarding flow: company identity verification, registry lookups, UBO/control mapping, director/authorized signatory checks, sanctions/PEP/adverse-media screening, sector/geo risk scoring, expected volumes/use-cases, and EDD triggers (offshore structures, cash-intensive activity, crypto exposure, iGaming/FX/CFD, adult, nutraceuticals).
Implementation topics include document packs (incorporation docs, registers, POA/POI/POA for controllers), website/app review, test transactions, KYT hand-off rules, periodic refresh (risk-tiered), ongoing monitoring & change-management, and audit-ready recordkeeping. We also compare API-based KYB vs. manual review, discuss data sources (national registries, LEI), and alignment with acquirer/PSP and EMI banks to avoid integration dead-ends.

Authoritative outbound resources about KYB (Know Your Business):

FATF — Recommendations & risk-based approach (beneficial ownership, ongoing monitoring)

EBA — AML/CFT risk-factors guidelines (EU PSPs/EMIs)

UK FCA — MLR guidance for firms on customer due diligence

FinCEN (US) — Beneficial ownership/CDD & BOI reporting (Corporate Transparency)

Curacao iGaming Payment Solutions: Secure and Scalable Methods for Licensed Operators

Curacao gambling license, iGaming payment terminal, casino chips, and Curacao map

Curacao iGaming payment solutions remain one of the few viable paths for online casino operators seeking fast market entry. Known for its low entry barriers and relatively inexpensive licensing model, Curacao has long been a gateway jurisdiction for startups and medium-sized gambling businesses. But while Curacao is attractive for licensing, payment processing for Curacao licensed casinos is a significant pain point.

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Stripe Payments Company — Not Suited for iGaming? Here’s What You Should Know

Illustration of Stripe Payments Company alternatives for gambling and iGaming with roulette, credit card, consultant, and smartphone

Consulting and Support Services, iGaming Payment Insights, Industry-Specific Payment Solutions / WiseAlt

Many businesses start out searching for a Stripe payments company, hoping to plug in a sleek solution and start processing transactions immediately. But for gambling, betting, and iGaming operators—especially in Europe, the United States, and Turkey—the reality is more complex. Stripe does not support high-risk industries, and iGaming businesses must turn to more specialized payment methods and partners.

Stripe Payments Company — Not Suited for iGaming? Here’s What You Should Know Read More »

Payment Solutions for High-Risk Startups: Overcoming the First Time Deposit Barrier

Infographic showing key payment onboarding challenges for new high-risk startups like iGaming, Forex, and Crypto

iGaming Payment Insights, Industry-Specific Payment Solutions, Merchant Payment Solutions, Payment Service Providers / WiseAlt

Launching a new project in a high-risk vertical like iGaming, Forex, Crypto, or Dating can be exciting—but accessing reliable payment solutions for new high-risk startups is often the most frustrating roadblock. While mature businesses in these industries are courted by payment providers offering competitive fees, custom solutions, and VIP support, newcomers face the opposite: delays, rejections, and red tape.

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The Benefits of Multi-Currency IBANs for iGaming Companies

Using digital devices displaying various currency symbols and iGaming elements such as a tossed die, slot machine, and lottery tickets, with a focus on a digital IBAN payment interface

Consulting and Support Services, General Payment Topics, Global Payment Acceptance, iGaming Payment Insights / WiseAlt

In the dynamic world of iGaming, where global transactions occur around the clock, the ability to manage multiple currencies efficiently is crucial for business success. Multi-currency IBANs represent a transformative solution for iGaming and Betting companies looking to streamline their operations and enhance user experience. Here, we explore the advantages of multi-currency IBANs and how having an integrated IBAN and checkout solution from the same payment provider can significantly benefit iGaming businesses.

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How Canadian MSB Can Open RPAA-Compliant Accounts: Segregated, Trust, and Fiduciary Options for FINTRAC and Bank of Canada Compliance

Digital illustration of a stylized bank vault or digital wallet with a padlock, representing MSB compliance with RPAA and FINTRAC through segregated accounts. Features include faint outlines of Canadian financial icons like the Bank of Canada and a maple leaf, with digital payment flows and a color scheme of blues, whites, and green accents.

Consulting and Support Services, General Payment Topics, Global Payment Acceptance, Payment Laws and Compliance / WiseAlt

As of March 2025, Money Services Businesses (MSB) in Canada must navigate a dual regulatory framework enforced by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and the Retail Payments Activities Act (RPAA), overseen by the Bank of Canada. Under RPAA, MSB offering retail payment services—such as money transfers, currency exchange, or cryptocurrency wallets—must safeguard client funds in segregated accounts, trust accounts, or fiduciary accounts. Simultaneously, FINTRAC mandates registration and compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) rules. For MSB, this means partnering with financial institutions to open RPAA-compliant accounts that align with FINTRAC obligations.

How Canadian MSB Can Open RPAA-Compliant Accounts: Segregated, Trust, and Fiduciary Options for FINTRAC and Bank of Canada Compliance Read More »