We are building Bolrach the way a regulator would want it built. Real identity checks, sanctions screening on every party, and monitoring that never sleeps. While our own licenses are under review, we run in sandbox and test mode and move money through licensed partners. Compliance isn't a bolt-on here.
Until our own licenses are granted, every bit of live money movement clears through licensed and regulated partner institutions. We do not hold customer funds on unlicensed rails. The statuses on this page reflect exactly where each application actually stands. No rounding up.
Every market we enter, we enter by registering with the regulator, filing our program, and passing review before real money moves. Here is honestly where each application stands.
Onboarding, screening, and monitoring. Get those three right and most of the risk is caught before it ever becomes a problem.
We verify who we onboard and who stands behind them. Government ID and a liveness selfie for individuals, registration and director checks for businesses.
Every party is checked against OFAC, UN, EU, and HM Treasury lists before we authorize anything. The screen runs pre-authorization, not after the money has left.
A written, board-approved AML program with a named compliance officer. Real-time monitoring flags the odd patterns, an analyst reviews each one, and we file when it is warranted.
Onboarding is where risk gets caught or missed. So we go past the name on the form. We confirm the person, confirm the business, and trace ownership up the chain until we know who really controls the account.
Government ID capture, a liveness selfie, and address checks tied to national identity where it exists, like NIN and BVN in Nigeria.
Registration documents, incorporation records, and director confirmation before a merchant can accept a single payment.
We map beneficial owners down to a 10 percent stake and flag layered structures built to hide who is really in control.
Every party is screened against politically exposed persons lists and negative news, then rescreened as those lists change.
Ours follows the five-pillar model regulators expect. Documented, board approved, and reviewed by an independent party every year. Not a policy that sits in a drawer.
A designated MLRO owns the program, reports to the board, and can freeze accounts and file reports without a sign-off queue.
Customers and transactions get scored on geography, product, and behavior. Higher risk means deeper checks and tighter limits.
Everyone who touches money or data completes AML training at onboarding and refreshes it each year. We keep the records.
An outside firm audits the program yearly and reports findings straight to the board, so weak spots surface early.
Structuring, velocity spikes, mismatched geographies, and round-dollar patterns all raise alerts. A human analyst reviews what the rules surface, and files a suspicious activity report when it is warranted.
Monitoring only matters if something happens after the alert. So we built a clear path from the moment a pattern trips a rule to the moment a report lands with the right financial intelligence unit.
Financial and identity data is stored in the region it belongs to, encrypted in transit and at rest with AES-256. When a country requires local hosting, we host locally. When it requires local reporting, we report locally.
Here is exactly what is in progress and what is next. If your market is not listed yet, reach out. We lay the compliance groundwork before we ever announce a launch.
| Jurisdiction | Regulator | License type | Identity source | Reporting | Status |
|---|---|---|---|---|---|
| Canada | FINTRAC | MSB registration | Passport, provincial ID | FINTRAC STR | In progress |
| Nigeria | Central Bank of Nigeria | PSSP licence | NIN, BVN | NFIU STR | In progress |
| United States | FinCEN and state regulators | MSB + state MTLs | SSN, state ID | FinCEN SAR | In progress |
| United Kingdom | Financial Conduct Authority | EMI authorisation | Passport, driving licence | NCA SAR | Planned |
| Germany | BaFin | EMI passporting | eID, passport | FIU Germany | Exploring |
| South Africa | SARB and FIC | TPPP registration | SA ID, passport | FIC STR | Exploring |
We do not publish registration numbers until a license is granted and confirmed. Live regulatory identifiers will appear on each market's public compliance page at that point, and not before.
Our team walks your legal and risk people through the licenses, controls, and reporting before you write a line of code.