One of the biggest benefits of using a paymaster service instead of traditional letters of credit through a financial institution is the ability to conduct transactions without the hassles normally associated with going through banks, including credit checks or the need to have an established relationship with the financial institution. As a Paymaster, the firm is not a party to the transaction; we are only involved to make sure everything goes as planned and that all compliance issues are addressed. This protects companies by providing compliance for KYC and AML regulations while avoiding the need to conduct all the necessary background checks on your own.
Copyright © 2023 Kordestani Legal Partners, Inc. - All Rights Reserved.
ATTORNEY WEBSITES, SUCH AS THIS ONE, ARE CONSIDERED ATTORNEY ADVERTISING.
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship. Information, examples or testimonials on this site are not a guarantee or prediction of the outcome of any other claims. Links to other resources on the Internet are offered at this website only as a convenience. Kordestani Legal Partners, Inc. takes no responsibility for the content, accuracy, or currency of those other websites. Moreover, we do not endorse any commercial product that may be advertised or available at those websites. Kordestani Legal Partners, Inc. has endeavored to comply with all applicable legal and ethical requirements in compiling this website. We will not, under any circumstances, undertake any work or engagement that conflicts with any applicable, ethical or statutory requirement pertaining to the performance of professional legal services.