KYC & AML

We know who we lease to, and where the hardware comes from.

Every counterparty is verified before we sign, every piece of equipment is checked for title and encumbrances before we pay for it, and every payment is matched to a contract. This is how we protect our lessees, our funding partners and ourselves.

Know your counterparty

Applies to every lessee, seller, lessor and portfolio counterparty, before a term sheet is issued.

Company registry extract and good standing, issued within 3 months
Ultimate beneficial owners to 25 % and above, with ID and proof of address
Directors and authorised signatories verified
AML screening: sanctions (OFAC, EU, UK, UN), PEP and adverse media on the company and its UBOs
Source of funds for the first payment and the business rationale of the deal

Know your equipment

Applies to every buy-out, sale-and-leaseback and every unit we take over in a restructuring.

Proof of title: purchase invoices, vendor records, prior lease or finance agreements
Lien and encumbrance search where a registry exists (UCC, national pledge registers)
Serial-level inventory reconciled against the documents
Physical inspection and photo record before payment
Export-control and sanctions check on GPU and high-performance compute

III

Know the transaction

Applies to every payment in and out for the life of the contract.

Every payment matched to a schedule, invoice or settlement agreement
Payments only to and from accounts in the counterparty's own name
No cash, no crypto, no third-party payers
Ongoing monitoring; refreshed KYC at renewal, assignment or change of control
Records kept for the period required by applicable law

Onboarding

Five steps before the first payment

Most counterparties clear onboarding in two to five business days. The documents we ask for are the ones any lender would ask for; we simply ask for them once, up front.

Request

Equipment list or contract, counterparty name and jurisdiction.

Documents

Corporate documents, UBO identification, proof of title for equipment.

Screening

Sanctions, PEP and adverse-media checks; lien search on the equipment.

Approval

Internal sign-off; term sheet issued with the approved structure.

Contract & payment

Signed agreement, verified bank details, first payment to or from a named account.

Checklist

What we will ask you for

Send it with the first request and the term sheet comes faster.

Company

Registry extract or certificate of good standing (≤ 3 months)
Articles / operating agreement
Shareholder register and UBO declaration
Passport and proof of address for each UBO ≥ 25 % and each signatory
Latest financial statements or management accounts
Bank reference or statement in the company's name

Equipment (buy-out, leaseback, restructuring)

Serial-level inventory
Purchase invoices or vendor delivery notes
Existing lease, loan or pledge agreements, if any
Confirmation from the data center or custodian that holds the equipment
Photos or access for inspection

Where we stop

Deals we do not do

Declining early is cheaper for everyone than unwinding later.

Sanctioned parties and jurisdictionsCounterparties, owners or equipment locations under US, EU, UK or UN sanctions.

Unclear titleEquipment whose ownership cannot be documented, or that carries an undisclosed lien.

Third-party or anonymous payersPayments from accounts not in the counterparty's own name, cash, or crypto-assets.

Export-controlled hardware without a licenceHigh-performance compute headed to destinations that require authorisation we do not hold.

Compliance questions