Compliance & Security

Built on Trust
and Transparency

Prysmar operates with bank-grade security practices and regulatory alignment, ensuring your treasury operations meet the highest standards of compliance and auditability.

Identity Verification

KYC & KYB Processes

Every business and counterparty undergoes thorough verification before accessing the Prysmar platform, ensuring regulatory compliance and reducing risk.

Know Your Business (KYB)

Comprehensive business verification including entity documentation, beneficial ownership identification, business purpose assessment, and regulatory status confirmation.

Know Your Customer (KYC)

Individual verification for authorized signers and beneficial owners, including identity document validation, address verification, and sanctions screening.

Ongoing Monitoring

Continuous monitoring of customer information with periodic re-verification to ensure data accuracy and detect changes in risk profile.

KYC & KYB Verification
Transaction Monitoring

AML Monitoring & Screening

Advanced anti-money laundering controls protect the platform and ensure compliance with federal regulations.

Real-Time Screening

All transactions are screened against OFAC sanctions lists, PEP databases, and adverse media sources in real-time before processing.

Pattern Detection

Automated systems identify unusual transaction patterns, structuring attempts, and other suspicious activities requiring review.

SAR Filing

Suspicious Activity Reports are filed with FinCEN when required, maintaining compliance with federal reporting obligations.

Operational Security

Bank-Grade Security Practices

Multi-layered security controls protect your data and funds at every stage of the transaction lifecycle.

Data Protection

  • End-to-end encryption for all data in transit using TLS 1.3
  • AES-256 encryption for sensitive data at rest
  • Secure key management with hardware security modules
  • Regular security audits and penetration testing

Access Controls

  • Multi-factor authentication required for all users
  • Role-based access control with principle of least privilege
  • Session management with automatic timeout policies
  • Comprehensive audit logging of all system access

Monitoring & Response

  • 24/7 security operations center monitoring
  • Real-time threat detection and alerting systems
  • Incident response procedures with defined escalation paths
  • Regular disaster recovery and business continuity testing

Organizational Security

  • Background checks for all employees with system access
  • Regular security awareness training programs
  • Secure development lifecycle practices
  • Third-party vendor security assessments
Regulatory Framework

Regulatory-Aligned Operations

Prysmar operates in alignment with U.S. financial regulations and partners exclusively with regulated financial institutions.

Compliance Framework

  • Bank Secrecy Act (BSA)

    Comprehensive AML program with customer due diligence and suspicious activity monitoring.

  • OFAC Compliance

    Screening against sanctions lists and blocked persons databases for all transactions.

  • Data Privacy

    Protection of customer information in accordance with applicable privacy regulations.

  • Record Retention

    Maintenance of transaction records and customer documentation per regulatory requirements.

Partner Requirements

  • Regulated Institutions

    Partnership exclusively with FDIC-insured banks and regulated financial institutions.

  • U.S.-Based Operations

    All banking partners operate under U.S. regulatory oversight and jurisdiction.

  • Due Diligence

    Thorough vetting of all financial institution partners before integration.

  • Ongoing Oversight

    Continuous monitoring of partner compliance and regulatory standing.

Commitment to Transparency

Prysmar maintains clear, honest communication about our operations, capabilities, and limitations. We are transparent about what we do—and what we don't do.

What Prysmar Is

  • A treasury and payout platform for USD bank transfers
  • Infrastructure for ACH collection and disbursement
  • A ledgering and reconciliation system for business operations
  • A partner working with regulated U.S. financial institutions

What Prysmar Is Not

  • Not a bank (banking services provided by partner institutions)
  • Not a consumer financial services provider
  • Not a cryptocurrency or digital asset platform
  • Not an investment or yield-generating product

Questions about our compliance practices?

Our team is available to discuss our security and regulatory framework in detail.

Contact Our Team