Offshore companies and structures
IBCs, exempted companies, LLCs, trusts and foundations. We document each layer once, up to the people who own and control it.
Accounts and payments for offshore companies and higher-risk businesses.
CCYFX is a Canadian payments firm headquartered in Vancouver, with a sales office in Hong Kong. We provide accounts, foreign exchange and cross-border payments to international structures and businesses that need proper due diligence, and to onshore businesses as well.
Who we onboard
Higher-risk businesses
Licensed and well-run businesses in sectors that need enhanced due diligence. We assess each one individually, on its licences, ownership and controls.
Onshore businesses
Companies that trade across borders and want one team for accounts, FX and payments.
Vancouver
Our head office. Client onboarding and operations are run from here, and all accounts and services are provided by CCYFX PAY INC in Canada.
Office 13B, Suite 290, 1275 Venables Street, Vancouver, BC V6A 2E4, Canada
Hong Kong
Our sales office, in Sheung Wan. The team provides sales and relationship support across Asia, in local business hours. CCYFX Limited provides sales and relationship support only; it does not provide money services or hold client funds.
1603, 16/F The L. Plaza, 367-375 Queen’s Road Central, Sheung Wan, Hong KongHow we assess a higher-risk application
These checks apply to every client, and every payment is checked before it leaves.
- Licences
- The licence or authorisation you rely on, who issued it and the markets it covers.
- Ownership
- Every layer of the structure, up to the individuals behind it.
- Source of funds
- Where the money comes from, with evidence that matches the story.
- Expected activity
- Who pays you, who you pay, and at what volumes. Payments are reviewed against this.
- Screening
- Clients, owners and beneficiaries at onboarding and on every payment. Wallets on every transfer.
Where we onboard
Entities from most countries, offshore and onshore. We do not onboard countries on the FATF call-for-action list or under comprehensive sanctions, and we apply enhanced due diligence to countries under FATF increased monitoring.
Services
All services
Business accountsNamed account details in your entity’s own name.EUR, GBP, USD, CADForeign exchangeSpot conversion at a rate your dealer quotes and confirms in writing before you fund.Major and regional currenciesInternational paymentsPayments to suppliers and related entities, each carrying its purpose and paperwork.SWIFT, SEPA, FPS, CHAPS, ACH, Fedwire, EFT, LynxCollections and payoutsOne file for many payees, such as affiliates or beneficiaries, screened on every run.Bank networks or stablecoinStablecoinsFund or pay out to verified wallets, where we are permitted to offer it. We do not hold digital assets for you.USDC, USDT
Example structures
A BVI holding company paying European suppliers
- Situation
- Owned through a Cayman trust, with directors in two countries. Each payment needs to show its purpose and the structure behind it.
- How we would handle it
- Document the structure once, from the trust to the individuals who control it, issue a named EUR IBAN and agree the expected payment pattern in advance.
An Isle of Man operator paying affiliates in seven currencies
- Situation
- Processor settlements arriving in EUR, and monthly commissions due to dozens of affiliates worldwide.
- How we would handle it
- Settlements land in the operator’s named EUR account. We convert as required and run monthly payouts, with every affiliate verified and screened.
A UK trading company with an offshore parent
- Situation
- GBP receipts from UK customers, USD paid to overseas suppliers, and a holding company above it in another country.
- How we would handle it
- Onboard the company and verify the parent and its owners, issue GBP and USD details, and convert at a rate confirmed in writing.
Illustrative scenarios showing how the service is designed to work. They do not describe real clients.
Leadership and team
The whole team
William Hodgson
Chief Executive Officer
Gabriel Pincus
Head of Compliance
Jack Burgess
Chief Operating Officer
Suzette Watson
Client Relationship Manager
Common questions
Can a higher-risk business apply?
Yes, if it is legitimate and properly run. We assess each business on its licences, ownership, controls and source of funds, and apply enhanced due diligence where the risk calls for it. Applying does not guarantee acceptance.
Do you onboard offshore companies?
Yes. We onboard international companies and trusts from most countries, provided the structure is fully disclosed up to the individuals who own and control it, and the country is not on the FATF call-for-action list or under comprehensive sanctions.
Where can I read your regulatory information?
Our regulatory information page sets out our corporate details, what our registration means, who this website is for, and our policies.
Do you work with onshore businesses too?
Yes. Offshore and higher-risk clients are our focus, but we also serve onshore companies that trade across borders, subject to the same due diligence.
Do we get accounts in our own name?
Yes. Once onboarding is complete, each client entity receives named account details: an IBAN for EUR, account number and sort code for GBP, account and routing number for USD, and account, transit and institution number for CAD.
Is CCYFX regulated?
CCYFX PAY INC is registered with FINTRAC as a Money Services Business. That is a registration, not a licence, and it is not an endorsement by FINTRAC or the Government of Canada. CCYFX is not a bank.
Guides
All guidesOpening a payments account for an offshore company: the document checklistA full checklist for opening a payments account for an offshore company: corporate records, ownership, people, source of funds, purpose and common delays.Enhanced due diligence explained: when it applies and how to prepare for itWhen enhanced due diligence applies to a business client, what it involves in practice, examples from higher-risk sectors and structures, and how to prepare.Why business payments account applications are declined, and how to fix each issueWhy payments providers decline business account applications, from unverifiable ownership to unexplained funding, and how to fix each issue before reapplying.
Apply for onboarding
Apply for onboarding
Apply online in about ten minutes. We reply with the documents your structure requires and an indicative timeline, and issue your named account details once onboarding is complete.