The Reliance Model by TruBit is designed for regulated partners seeking to leverage our infrastructure to optimize their operations. This guide outlines the step-by-step requirements to establish a compliant and efficient partnership.

1. Jurisdiction and Regulatory Environment

• Identify Partner Jurisdiction

Specify the jurisdiction in which the Reliance partner operates, including applicable financial laws and regulations.

• License Information (Optional but Recommended)

Please share regulatory licenses to helps us assess the partner’s compliance environment.

• If licensed: Please provide evidence of AML reporting from the last 3 months.

• If unlicensed: Submit a written explanation demonstrating why your business is considered legitimate under local laws.

2. Business Model and Operational Flow

To understand the nature of your operations and how they will interact with TruBit’s infrastructure, please provide:

• Operational Flow

A visual or written description of how your services will integrate with TruBit.

• Business Overview

A brief description of your services and target clients, or a link to your official website.

3. Compliance Policies and Risk Management

To ensure alignment with our compliance standards, please submit the following documents:

• ✅ Anti-Money Laundering (AML) Policy & Screening List

Up-to-date policy and tools used for sanctions/Pep screening.

• ✅ Fraud Prevention Policy

Description of controls in place to detect, mitigate, and prevent fraud.

• ✅ Transaction Monitoring Process

Outline your monitoring procedures, rules, thresholds, and alert handling process.

• 🔶 Risk-Based Approach (Optional)

Description of how your company identifies and manages AML-related risks.

• 🔶 External Audit Results (Optional)

Any available reports from third-party compliance audits.

• 📄 Complete Wolfsberg Questionnaire (FCCQ v1.2)

4. KYC/KYB Alignment and Data Sharing

To support a secure and transparent relationship:

• Client Onboarding Policy

Submit your detailed customer onboarding process, signed by your compliance officer.

• Minimum Required Documentation

Please make sure you comply with the following kyb/c requirements in your proceess.

KYB (Know your business):

Conclusion:

The Reliance model enables regulated partners to effectively integrate their business operations with TruBit while adhering to regulatory and operational standards. The approval process for a Reliance program typically takes 3–4 weeks once all required documentation and details are submitted.

By completing this process, we ensure efficient collaboration aligned with our goal of providing borderless financial solutions.