Compliance
Compliance, KYC and KYB
KYB for the business and KYC for its representatives, with AML screening on payments. Submit your documents once and Kollect drives verification through to approval.
What documents do I need for onboarding?
Your entity’s registration documents, its ownership structure, and identification for its directors or beneficial owners. KYB verifies the business, KYC verifies the people who control it. Submit them once and Kollect drives verification through to approval.
Who is the regulated entity handling the money?
Mesta Payments LLC, a FinCEN-registered money services business, processes payments in partnership with Kollect. Kollect itself is non-custodial and is not the licensed entity holding funds at any stage of a settlement.
Are payments monitored after onboarding?
Yes. AML screening runs on payments on an ongoing basis, not only at signup. Onboarding is one gate; transaction monitoring is continuous, which is what makes it one compliance function rather than a check you pass and forget.
What applies
- Requirement
- KYC/AML; KYB-verified merchant accounts required.
- Custody
- Non-custodial. Kollect never takes custody; licensed partners hold funds during fiat legs.
- Supported rails
- S2S, S2F, F2S. Fiat-to-fiat is unsupported by design.
- Settlement currencies
- USD, EUR, SGD
What is checked, and on whom
KYC/AML; KYB-verified merchant accounts required. KYB is Know Your Business: the checks a payment provider runs on a company before it can transact. It confirms the entity exists, who owns and controls it, and that it is not on a sanctions or watch list.
KYC is the individual equivalent, run on the people who control the business rather than on the business itself. A company passes KYB; its directors and beneficial owners pass KYC. Both are required before an account can collect, which is why onboarding asks for registration documents and identification rather than one or the other.
Monitoring does not stop at onboarding
Onboarding is a gate; AML screening is continuous. Payments are screened on an ongoing basis rather than only at signup, which is what makes this one compliance function rather than a check you pass and then forget about.
Screening happens before a payment moves onward, not after. On the fiat rails that means a payment is reviewed before a licensed partner converts it, so the compliance step sits ahead of the irreversible one.
Who carries the licence
Payments are processed in partnership with Mesta Payments LLC, a FinCEN-registered money services business. Kollect is not that entity and does not hold the funds: Non-custodial. Kollect never takes custody; licensed partners hold funds during fiat legs.
That division is the point. Kollect drives verification through to approval and runs the transaction monitoring, so you submit documents once and have one point of accountability, while the regulated legs sit with the partners licensed to perform them. Settlement reaches a bank account you nominate, in USD, EUR, SGD, and collection accepts USDC and USDT.
Our Partners
Compliance questions
Every answer here is mirrored verbatim in this page's FAQ structured data, so nothing is hidden behind a click.
Custody and request signing are on the security page. Onboarding questions go to the onboarding route.
01
Do I have to handle compliance myself?
No. Kollect runs it for you. Submit your documents once and Kollect drives KYB verification through to approval, then screens and monitors every transaction for AML on an ongoing basis. You get one onboarding and one point of accountability instead of a compliance function to staff.
02
Who is the licensed entity?
Payments are processed in partnership with Mesta Payments LLC, a FinCEN-registered money services business.
03
What checks apply at onboarding?
KYB for the business and KYC for its representatives, with AML screening on payments. Built for enterprise review.
04
Which partners are in the flow?
Request Network for the invoice rail and Transak as on/off-ramp partner, alongside Mesta Payments for settlement.