If your institution sends or receives international payments, you need correspondent banking—a trusted foreign bank that holds an account for you to clear and settle cross-border transactions (USD).
FAS CPA & Consultants helps licensed banks, EMIs/PSPs, MSBs, and corporate treasury centers plan, source, negotiate, and onboard correspondent bank accounts aligned with AML/CFT, sanctions, and operational standards.
Our objective: secure practical correspondent coverage so you can move funds globally with speed, transparency, and compliance.
Corresponding Banking Evaluation
⇒ Eligibility & Readiness Check
License review, business model mapping, customer/flow analysis, and risk profile.
⇒ Compliance & Documentation Build
AML/CFT program enhancement, sanctions controls, KYC/KYB packs, governance and audit evidence.
⇒ Introductions & Diligence Support
Coordinate NDAs, RFI/RFPs, due-diligence questionnaires, and policy walkthroughs.
⇒ Onboarding & Go-Live
KYC interviews, account opening, test messages, first transactions, operational runbooks.
Key Benefits
⇒ Access to global rails (USD) with faster, predictable settlements
⇒ Greater credibility with clients, regulators, and partners
⇒ Lower operational friction through clarified cut-offs, returns, and investigations
⇒ Bank-grade compliance alignment that supports audits and examinations
⇒ Scalable structure for additional currencies/corridors as you grow
Typical Requirements
(Exact items depend on bank, jurisdiction, and currency.)
⇒ Valid license and evidence of regulatory supervision
⇒ Corporate documents, UBO/ownership chart, governance records
⇒ Customer profiles and expected transaction flows (volumes, corridors, use-cases)
⇒ Financial statements, capital adequacy, and internal controls
⇒ Board resolutions and authorized signatories
If any of these are missing, we’ll outline remediation steps to reach “bank-ready” status.
Chat Directly With our CPA.
Send us yours questions.
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Who We Serve:
Step 1 — Discovery (1–2 weeks)
Understand license, products, geographies, expected volumes, counterparties, and compliance posture.
Step 2 — Risk & Documentation (parallel)
Refine AML/CFT, sanctions, PEP/Adverse Media, transaction monitoring, SAR/STR processes; prepare the due-diligence pack.
Step 3 — Bank Targeting & Outreach
Shortlist by corridor and appetite; prepare a concise “banker pack” and initiate introductions.
Step 4 — Diligence & Term Sheet
Respond to bank questionnaires, provide evidence, and negotiate pricing/SLAs.
Step 5 — Onboarding & Pilot
Complete KYC, open accounts, perform test messages/transactions, and finalize SOPs.
Chat Directly With our CPA.
Send us yours questions.
Talk to our experts directly.
President
Thanks to FAS & CPA Consultants and Fulton Abraham Sanchez, CPA, I was able to resolve a debt of $479,677.71 that I had with the IRS.
Entrepreneur
My experience with FAS CPA & Consultants has been incredible, their professionalism is impeccable. I highly recommend them.
Manager
I highly recommend FAS CPA & Consultants, they are responsible, efficient and very dedicated.
Manager
A correspondent holds your nostro account for clearing/settlement and supports SWIFT messaging. A processor may facilitate payments but doesn’t necessarily provide settlement accounts or SWIFT coverage.
In most cases no for classic correspondent relationships. If you’re still applying, we can pursue parallel tracks (SWIFT readiness + bank outreach).
Often you’ll want primary + secondary (redundancy), and sometimes separate banks by currency or corridor.
US Dollars
Yes. Many projects begin with compliance uplift to increase bankability.
9000 SW 137 Av Suite 224 Miami FL 33186
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Fulton is a wonderful CPA who fully understands tax law and provides honest advice for his clients.