How does Unicorn Currencies approach compliance for B2B payments?

Compliance is built into the payment workflow through business onboarding, beneficiary setup, screening and review, payment decisions, and evidence and record keeping. Reviews may affect timing where information, sanctions exposure, or transaction context needs clarification.

What Canadian registrations apply to Unicorn Currencies?

Unicorn Currencies Limited is registered with FINTRAC as a Money Services Business and registered with the Bank of Canada as a Payment Service Provider under the Retail Payment Activities Act. Registration credentials can be verified on the public record.

What checks may be performed before payments move?

Business onboarding includes KYB and expected activity review. Beneficiary details, payment purpose, sanctions exposure, transaction context, amount, and route may be reviewed where needed before a payment proceeds or is escalated.

Compliance

Compliance is built into the payment workflow.

International business payments need more than speed and price. Businesses need a controlled process around onboarding, payment purpose, beneficiaries, sanctions exposure, transaction context, evidence, and escalation when a payment requires review.

Unicorn Currencies supports recurring B2B payment flows with KYB, payment review, record keeping, and human treasury handling where compliance context matters.

What compliance means in business payments

For recurring B2B international payments, compliance is not only onboarding. It continues through beneficiary setup, payment purpose, route selection, transaction review, supporting evidence, and the records finance teams may need later.

Business onboarding

Understanding the business, ownership, expected payment activity, counterparties, corridors, and purpose of payments.

Payment review

Reviewing transaction context where needed, including beneficiary details, payment purpose, source of funds, amount, currency, and route.

Screening and controls

Considering sanctions exposure, risk indicators, unusual activity, and information gaps before funds are released or progressed.

Evidence and records

Keeping references, payment context, beneficiary details, and supporting records clearer for finance teams and operational follow-up.

Registration and regulatory position

Canada

Unicorn Currencies Limited is registered with FINTRAC as a Money Services Business.
FINTRAC MSB registration: C100000159.
Unicorn Currencies Limited is registered with the Bank of Canada as a Payment Service Provider under the Retail Payment Activities Act.
Registration credentials can be verified on the public record through official registries.

FINTRAC MSB registry Bank of Canada PSP registry Legal and regulatory information

United Kingdom

Unicorn Currencies Ltd is a UK corporate entity. Unicorn Currencies Ltd is not described as a bank, EMI, or directly FCA-authorised payment institution. Where regulated payment or e-money services are required, services may be supported through regulated partner arrangements where applicable. UK operating structure, partner roles, and regulatory boundaries are explained in the legal and regulatory information.

Legal and regulatory information Trust

How compliance affects payment movement

Before activity starts

KYB, expected activity, counterparties, corridors, and business purpose are understood.

Before beneficiary use

Beneficiary details, bank/account information, route, and payment context may be reviewed.

Before payment release

Sanctions exposure, payment purpose, transaction context, amount, and currency route may be checked.

If information is missing

Clarification may be requested before a payment proceeds.

If a payment is reviewed

Timing may be affected depending on the issue, route, provider, jurisdiction, and banking cut-off times.

After payment activity

References, evidence, and payment records support finance and supplier communication.

Compliance is not a shortcut

A controlled payment workflow does not mean every payment is instant or every route is always available. It means payment activity is handled with the right business context, review process, partner structure, and records.

What this means

Business context is reviewed
Payment purpose can matter
Beneficiary and route details can be checked
Supporting information may be requested
Records and payment evidence are maintained where available

What this does not mean

Guaranteed settlement
Instant processing on every route
Every currency or country being available
Compliance review being skipped
One entity directly providing every regulated service in every jurisdiction

What businesses should prepare

Company registration details
Ownership and director information
Nature of business
Expected payment corridors
Expected transaction values and frequency
Supplier/customer details
Purpose of payments
Source of funds or source of wealth where required
Invoices, contracts, or supporting trade documents where needed

Compliance questions to ask any provider

Which legal entity am I contracting with?
Which regulator, registration, or licence applies?
Are any regulated partner arrangements involved?
How is KYB performed?
What information may be requested before a payment moves?
What happens if a payment is delayed, reviewed, held, amended, or recalled?
What evidence can be shared with suppliers or finance teams?
Where can I verify legal and regulatory information?