Anti-Money Laundering (AML) Checks
FundAmerica's systems are built into KYC, collecting customer data and performing complete AML background checks. With the collected data we run a rigorous analysis to verify the identity of the customer. If the customer is international then we require their passport, national id and a residential document.
AML Screening Includes:
FundAmerica Payment Solutions
Effortlessly receive funds from investors! Everything is fully integrated and easy to use.
Crowd-direct offerings require the ability for investors to easily, without friction and in a single sitting, start & complete their investment. 100% online. 100% “right now”.
Escrow for “crowd-direct” offerings is easy with our software. Now banks, trust companies, law firms and other escrow agents can manage escrows with 10, 100, 1,000, 10,000 or more people participating. We enable compliance with regulations while keeping costs under control.
Persons prohibited from raising capital in the U.S.A.
Per securities regulations and the Dodd Frank investor protection Act, issuers and their associated persons can NOT raise capital by selling securities if anyone is deemed to be a “bad actor”. Bad Actor checks must be completed on all “covered persons”, which according to the SEC includes every executive officer, director, and major shareholder (beneficial owner of 20%+ equity) in your company, as well as certain types of “promoters” and “solicitors”. This is an important anti-fraud and due diligence requirement to ensure disqualified persons do not raise funds. Part of any broker, bank or platform risk analysis procedures.
Bad Actor Screening Includes:
Compliance & Syndication Tools for Securities Professionals
Broker-dealers can easily manage their tech-driven offerings using our powerful compliance and syndication tools.