Compliance and Banking

Compliance and Banking

Twenty Arms Inc. is a commodity trading house incorporated in Canada. This page exists for counterparties, intermediaries, and compliance officers who need to verify who we are, how we bank, and what our standards are before committing to a transaction. We publish this information because transparency is a commercial position, not a bureaucratic requirement.

Company Registration

  • Legal Name: Twenty Arms Inc.
  • Jurisdiction: Canada (Ontario)
  • Business Type: Private corporation; physical commodity trading and wholesale supply
  • Registered Address: Ontario, Canada
  • Primary Contact: trading@twentyarms.com | askus@twentyarms.com

Company registration documentation is available to qualified counterparties on request, following NDA execution.

Banking

  • Bank: CIBC (Canadian Imperial Bank of Commerce)
  • Account Holder: Twenty Arms Inc.
  • Currency Accounts: CAD and USD

Banking details — account number, routing, SWIFT — 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, WhatsApp, intermediary verbal instruction, or unsigned document — do not transact against them. Write to trading@twentyarms.com directly for verification.

KYC and AML Policy

Twenty Arms applies a standard KYC and AML review to all counterparties before any SPA is executed. This review includes, at minimum:

  • Company registration certificate and articles of incorporation (or equivalent for the relevant jurisdiction)
  • Director identification (passport or government-issued ID for all directors)
  • Ultimate beneficial ownership declaration where the ownership structure is not transparent from registration documents
  • Bank reference or recent bank statement header (for new counterparties above a value threshold)
  • Sanctions screening against OFAC, EU, UN, and Canadian sanctions lists

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

Document Standards

Every transaction at Twenty Arms is closed on the basis of verified documentation. Standard deal documentation includes:

  • NCNDA — Non-Circumvention, Non-Disclosure Agreement, executed by all intermediaries before commercial terms are shared
  • IMFPA — Irrevocable Master Fee Protection Agreement, executed between principals and all authorised intermediaries; commission terms are not disclosed in the SPA
  • SPA — Sale and Purchase Agreement between principal buyer and principal seller; governing law English or Canadian; arbitration LCIA or ICC
  • SGS / Bureau Veritas / Intertek Inspection Certificate — Third-party inspection at loadport, covering quantity, quality, packing, and marking against SPA specification
  • Bill of Lading — Original or telex release, depending on payment method
  • Certificate of Origin — Issued by the relevant authority in the country of origin
  • Commercial Invoice and Packing List
  • Health or Phytosanitary Certificate — Where required for the commodity and destination

Fraud Prevention

Commodity trade fraud is widespread. The following behaviours are red flags that should cause any counterparty to stop and verify before proceeding. Twenty Arms does not engage in any of these practices:

  • Requesting advance fees, “performance bonds”, “tax clearance payments”, or “compliance deposits” before inspection or shipment
  • Issuing or requiring MT760 or MT799 blocking instruments as a pre-condition of supply
  • Routing payment to personal accounts or third-party accounts not registered to Twenty Arms Inc.
  • Releasing product or calling payment before an independent third-party inspection is completed and accepted
  • Issuing Proof of Product packages without a signed NDA and demonstrated buyer capability
  • Sending banking instructions by WhatsApp, oral instruction, or unsigned email

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

Payment Methods Accepted

  • MT103 wire transfer (against documents)
  • Letter of Credit at sight (confirmed, irrevocable)
  • Documentary collection (D/P terms, subject to deal structure)

We do not accept cryptocurrency, third-party escrow services not agreed in the SPA, or payment structures that route funds through jurisdictions or entities not identified in the original contract.

Contact for Compliance Enquiries

For KYC packs, banking verification, or compliance-related questions:

trading@twentyarms.com
askus@twentyarms.com

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