How we are registered, and what that means for you.
Straight answers about our regulatory position, our obligations and yours. Written to be accurate rather than impressive.
Our entity
- Legal entity name
- [LEGAL ENTITY NAME]
- Jurisdiction of incorporation
- [JURISDICTION]
- Company registration number
- [NUMBER]
- Registered office
- [ADDRESS]
- Registration
- [REGISTRATION TYPE AND NUMBER]
- Compliance contact
- compliance@nomospay.com
These details are placeholders. They will be completed and confirmed by counsel before the service accepts customers.
What we are required to do
The obligations we carry
These are not optional extras or a value-add. They are the conditions of operating, and they shape the experience you will have with us.
Verify who you are
We verify individuals and companies, including directors and anyone who ultimately owns or controls 25% or more of a business.
Screen against sanctions lists
Customers and counterparties are screened against applicable sanctions and politically exposed person lists, on an ongoing basis rather than once at signup.
Monitor transactions
Activity is monitored against the profile you gave us at onboarding. Material changes may prompt us to ask questions.
Keep records
Identity records, transaction records and the reasoning behind compliance decisions are retained for the periods the law requires.
Report where required
Certain transactions and suspicions must be reported to the relevant authority. In some cases we are legally prohibited from telling you that a report has been made.
Apply travel rule requirements
Transfers of digital assets above the applicable threshold carry originator and beneficiary information, as required.
What we will ask you for
No surprises at the last step
The full list is published here so you can prepare in advance, rather than discovering a requirement halfway through an application.
Start an application- Identity documents for individuals, directors and beneficial owners
- Company formation documents and proof of registered address
- A description of your business activity and expected transaction volumes
- Source of funds, and for higher-risk relationships, source of wealth
- Information about your main counterparties and the countries you deal with
- For businesses handling digital assets, details of your own compliance arrangements
Are you regulated?
Our exact registration status and the scope of activity it covers will be stated on this page, with the registration number, before we accept customers. We will describe it precisely rather than using broad words like "fully regulated", because those words mean something specific and are frequently misused in this industry.
Does registration mean the government endorses Nomos Pay?
No. Registration means an operator is on a register and is subject to a set of obligations. It is not an endorsement, an approval, or a guarantee of any service, and it does not make a company a bank.
Why do you need so much information?
Because the law requires it, and because the alternative is a provider that gets shut down or has its banking withdrawn, which is worse for you. We try to ask everything at once, tell you why, and not come back repeatedly.
What if you decline my application?
We will tell you that a decision has been made. There are situations where we are limited in how much detail we can give. You can raise it through our complaints process if you believe the decision was wrong.
Do you serve customers everywhere?
No. There are countries and, in some cases, provinces or states where we do not offer services. The current list is published before you apply, and it is enforced at onboarding rather than only stated in a disclaimer.
Doing diligence on us? in one place?
Compliance teams, auditors and banking partners can request our documentation pack directly.