PSP Due Diligence for Institution-Facing Businesses
Payment service provider due diligence requirements for businesses engaging institutional counterparties, banks and regulated partners.
Public summary
Public summary of an institutional briefing. Full document available to verified counterparties.
Payment service provider due diligence has become a prerequisite for institution-facing businesses seeking banking relationships, insurance coverage or institutional counterparty agreements.
This briefing sets out the evidence expected: documented PSP identification, regulatory status verification, AML control assessment, transaction monitoring review and sanctions screening confirmation.
It also identifies the common deficiencies — assumed compliance, inherited due diligence without review, and reliance on onboarding certificates without underlying substance.
The full version of this publication is provided on request to verified institutional counterparties under standard confidentiality terms.
Request the full documentPublications Notice: This publication represents an institutional position of BlackCores Group. It is not legal advice, regulatory guidance or investment commentary. BlackCores Group does not operate as a fund, asset manager, investment manager, collective investment scheme, public investment platform, bank, payment institution, statutory audit firm or regulated financial services provider unless expressly stated. Services are provided subject to written scope, conflicts checks, independence considerations and applicable legal / regulatory requirements.