NoMoMFB Regulatory Compliance

Regulatory Compliance — NoMoMFB

Financial services platforms today face growing regulatory obligations — from customer due diligence and anti-money laundering controls to transaction reporting, fraud prevention, and sanctions compliance. For marketplaces, payroll providers, gig platforms, and embedded-finance startups, the cost of getting compliance wrong is enormous:

  • Regulatory penalties & fines (from FCA, OFAC, FATF member jurisdictions).
  • Reputation risk leading to loss of banking partnerships.
  • Platform downtime & operational fire drills when a compliance issue is detected too late.

NoMoMFB solves this by embedding KYC, KYB, AML, transaction monitoring, and sanctions screening directly into the money-movement workflow. This lets platforms ship financial products faster while staying audit-ready and regulator-ready — without building an internal compliance team from scratch.

⚡ Faster Go-Live: Automated onboarding, verification APIs, and risk scoring accelerate time-to-market.

🛡️ Reduced Regulatory Risk: Pre-integrated compliance stack meets FCA, PSD2, FATF guidance.

💰 Lower Cost of Compliance: Automates case creation, manual reviews, and regulatory reporting.

🌍 Global Readiness: Multi-jurisdictional compliance support for FATCA, CRS, EU AMLD5/6, UK SM&CR.

a) KYC (Know Your Customer)

  • Identity Verification APIs: passport, driving license, selfie checks.
  • Proof of Address Validation: bank statement, utility bill.
  • Customer Risk Scoring: low/medium/high risk categorization.

b) KYB (Know Your Business)

  • Business Registry Lookups & UBO tracing
  • Corporate Document Collection
  • Beneficial Owner Screening (PEP/sanctions)

c) AML & Transaction Monitoring

  • Rules Engine to detect suspicious activity
  • Velocity & Threshold Alerts
  • SAR/STR Workflow

NoMoMFB offers RESTful APIs + Webhooks so platforms can embed compliance flows into onboarding and payouts.

curl -X POST "https://api.nomomfb.com/v1/customers" \ 
  -H "Authorization: Bearer sk_live_xxx" \ 
  -H "Content-Type: application/json" \ 
  -d '{
    "type": "individual",
    "name": "Jane Doe",
    "dob": "1990-05-14",
    "email": "jane.doe@example.com",
    "address": {
      "line1": "123 High Street",
      "city": "London",
      "postcode": "W1A 1AA",
      "country": "GB"
    },
    "document": {
      "type": "passport",
      "number": "123456789",
      "expiry": "2030-12-31"
    }
  }'
{
  "event": "kyc.verified",
  "timestamp": "2025-09-16T12:30:45Z",
  "data": {
    "customer_id": "cus_abc123",
    "risk_score": "low",
    "status": "approved"
  }
}
  • Real-Time Alerts for suspicious transactions
  • Daily Compliance Reports (CSV/JSON export)
  • API Query Access: GET /v1/compliance/cases?status=open