Compliance and Banking

Compliance & Banking

The standards we hold to, and the practices we will not engage in.

For counterparties, intermediaries, and compliance officers who need to verify who we are before committing to a transaction.

Twenty Arms Inc. is a privately-held commodity trading house incorporated in Canada. We publish the information on this page because transparency in this market is a commercial position, not a bureaucratic requirement. Counterparties who skip this kind of verification are the ones who get hurt.

I
The Entity

Who we are

Twenty Arms Inc. is a private Canadian corporation organised in Ontario, engaged in physical commodity trading and wholesale supply. Full registration documentation, including the certificate of incorporation, articles, and ultimate beneficial ownership disclosure, is available to qualified counterparties on request and against an executed NDA.

Legal name
Twenty Arms Inc.
Jurisdiction
Ontario, Canada
Entity type
Private corporation
Activity
Physical commodity trading and wholesale supply
Correspondence
trading@twentyarms.com
II
Banking

Where we bank, and how that is confirmed

Twenty Arms banks with CIBC (Canadian Imperial Bank of Commerce), with CAD and USD accounts held in the name of Twenty Arms Inc.

Account number, routing details, and SWIFT identifiers are confirmed only by signed addendum to the executed SPA, on Twenty Arms Inc. letterhead, signed by our authorised signatory. If you have received banking details for Twenty Arms through any other channel — email body, WhatsApp, intermediary verbal instruction, an unsigned PDF — do not transact against them. Write to trading@twentyarms.com directly and we will confirm.

This is not a procedural preference. It is the line between a clean settlement and a stolen one.
III
KYC & Counterparty Review

What we ask for, on every deal

Every counterparty passes a standard KYC and AML review before SPA execution. The minimum stack:

  • Certificate of incorporation and articles, or the equivalent in the relevant jurisdiction.
  • Director identification for all directors.
  • Ultimate beneficial ownership declaration where registration documents do not make ownership transparent.
  • Bank reference or recent statement header for new counterparties above a value threshold.
  • Sanctions screening against OFAC↗, EU Consolidated↗, UN Security Council↗, and Canadian Consolidated↗ lists.

We reserve the right to withdraw from any transaction where the documentation is incomplete or inconsistent, or where the commercial structure of the deal does not withstand scrutiny. We have done so before and we will do so again.

IV
Standard Documentation

The papers every deal closes against

Every Twenty Arms transaction is built on the same documentary stack. The full sequence is set out on How We Work. No deal closes without:

  • NCNDA. Executed by every intermediary before commercial terms circulate.
  • IMFPA. Between principals and authorised intermediaries. Commission terms do not appear in the SPA.
  • SPA. Between principal buyer and principal seller. Governing law English or Canadian. Arbitration LCIA↗ or ICC↗.
  • Independent inspection certificate. SGS↗, Bureau Veritas↗, or Intertek↗, at loadport, against SPA specification.
  • Bill of Lading, Certificate of Origin, Commercial Invoice, Packing List.
  • Health or Phytosanitary Certificate where the commodity and destination require it.
V
Payment

How money moves

We settle through three instruments, against verified shipping documents. Anything else is outside the scope of what Twenty Arms will accept.

Accepted

  • MT103 wire against documents
  • Confirmed irrevocable LC at sight
  • Documentary collection (D/P)

Not Accepted

  • Cryptocurrency
  • Third-party escrow not in SPA
  • Routing outside the contract
VI
Fraud Prevention

What we will not do

Most fraud in this market dresses itself up as a deal. The list below is what a legitimate trading house will never request, and what Twenty Arms will not do under any framing or any pressure. Tap any item for context.

  • The single most common pattern in commodity trade fraud. Legitimate buyers and sellers never pay each other before product is verified. Every credible inspection scheme operates on the principle of payment after verification, not before.
  • MT760 and MT799 are SWIFT messages routinely misused in fraud schemes to lock buyer funds before any product exists. A genuine deal stands on an SPA, an inspection, and a payment-against-documents structure.
  • If a request reaches you to wire funds to an account not in the name of Twenty Arms Inc., it is not us. Beneficiary name must match the contracting party exactly. Any mismatch must be resolved by signed addendum before payment.
  • Inspection comes before money. That is the rule on every Twenty Arms transaction and it is not negotiable. A counterparty pushing for payment ahead of verification is signalling that the product, quantity, or quality will not survive scrutiny.
  • POP packages contain seller-side documentation with commercial sensitivity. Circulating them to unverified buyers is how fraudsters obtain and re-sell the appearance of supply. Twenty Arms releases POP only after NDA execution and buyer capability check.
  • Business email compromise and WhatsApp impersonation are the leading vectors for stolen wires in international trade. Our banking details only ever travel on signed letterhead attached to the executed SPA. If you received them any other way, treat it as fraud and write to us directly.

If you have received a message claiming to represent Twenty Arms and requesting any of the above, it is not us. Write to trading@twentyarms.com to confirm and report.

Compliance Enquiries trading@twentyarms.com askus@twentyarms.com

We respond within one business day. Documentation requests above standard KYC may require a signed NDA before release.