Know Your Business (KYB / KYC)
Every business and owner is verified before the account opens.
TRUST BUILT INTO THE RAILS
Our Compliance
Compliance is built into the product. Every account, payment and counterparty is reviewed before money moves.
Open Account- FinCEN-registered MSB
- FDIC-insured banking partners
- Crime and cyber coverage underwritten by Lloyd's of London and AmTrust
Our compliance and security partners
How we screen every account and transaction
Sanctions & Watchlist Screening
Every account and counterparty is screened against OFAC SDN, UN and HM Treasury lists.
Source of Funds & Business Purpose
Every account documents its business purpose and source of funds.
Transaction Monitoring
Activity that doesn't fit the business is flagged for review.
Blockchain Wallet Screening
Wallets are screened for sanctioned, mixer and darknet exposure.
Enhanced Due Diligence & Ongoing Review
Higher-risk accounts get deeper checks and periodic re-review.
How we protect your data and your assets
Institutional-grade controls across our infrastructure.
- Encryption at rest
- AES-256
- Encryption in transit
- TLS 1.2 or higher
- Access control
- MFA enforced across internal systems
- Security auditor
- Halborn
- Compliance automation
- SOC 2 Type I readiness in progress
Coverage against crime, cyberhacks and other risks
Shield carries crime and cyber coverage underwritten by Lloyd's of London and AmTrust.
Restricted activity
Shield doesn't onboard businesses in restricted industries.
Acceptance of an application does not constitute approval for any specific activity or transaction type.
View restricted businessesQuestions
Is Shield a bank?
No. Shield Security, Inc. is a financial technology company. Banking services are provided by Member FDIC partner banks.
Is Shield regulated?
Shield is a FinCEN-registered MSB and works with US banking partners.
Questions about compliance?
Report a concern or ask a question.
File a Formal Complaint