International commerce involving commodities, oil, Gas, PPE, Steel, Iron, bank instruments, or agricultural products requires reliable partners. It is imperative that payments of fees and commissions are handled in a secure and timely manner across the globe. It is imperative to meticulously consider legal requirements, international compliance requirements, and regulations. A Paymaster lawyer is usually a third party who is not involved in the transaction. The payer receives funds from the buyer into an escrow account of the law firm, manages the account, and transfers the funds to the seller in accordance with the instructions stipulated in a purchase agreement or a services contract or an IMFPA. In order to mitigate financial risk for both buyers and sellers, funds are placed in escrow with Paymaster, who ensures that sufficient funds are available for payment and allows the buyer to take title to the goods in question. Additionally, it allows intermediaries to secure their fees upon the conclusion of the case they intervened in.
LHOSNI LAW FIRM is the first paymaster in Morocco and among Africa’s top three
LHOSNI LAW FIRM is a pioneering legal practice in Morocco and one of the top three paymaster specialists in Africa. We excel in providing unparalleled expertise in managing intricate financial transactions. We ensure that every transaction is carried out with the highest level of security, transparency, and efficiency. Our firm’s commitment to excellence is reflected in our meticulous approach to handling funds, adhering to strict legal and regulatory standards, and providing tailored solutions to meet our clients’ specific needs. LHOSNI LAW FIRM has a reputation for reliability and integrity and is at the forefront of paymaster services, facilitating seamless and secure transactions across Morocco and beyond. Whether for complex business deals or straightforward transactions, we ensure that every detail is meticulously managed.
At LHOSNI LAW FIRM, we provide paymaster services to both individuals and businesses worldwide
As a PAYMASTER firm, we are responsible for ensuring that the payment has been transferred and then disbursing the funds according to the instructions given. We ensure timely payment of our clients’ fees in accordance with Moroccan financial guidelines from government authorities and international anti-money laundering and anti-terrorism financing regulations.Thenceforth, under the laws, obligations, and standards relating to due diligence, anti-money laundering (AML), KYC, and the regulations of the Moroccan foreign exchange office, we request your cooperation in providing information and backup documents to carry out due diligence, meet the due diligence needs of our business and financial institutions, and avoid any delays in the distribution of your funds. If any complications arise, we are proficient and dedicated to collaborating with you to resolve issues and complete your transaction as quickly as possible.Our practice is distinguished by our ability to facilitate secure and efficient transactions with major top 20 global banks, such as HSBC, JP MORGAN CHASE, WELLS FARGO, UBS, DEUTSCHE BANK, CITY BANK, BARCLAYS BANK, BANK OF AMERICA, among others.
Our process begins with a thorough client consultation to ensure that all transaction details are accurately captured and comply with Moroccan and international regulations. We then supervise the transfer of funds from our clients to designated international banks, coordinating through Morocco’s most reputable financial institutions. All of these financial institutions utilize the advanced SWIFT Global Payment Information System for real-time tracking and transparency.
When you hire us to provide PAYMASTER Services, the first thing is to furnish the appropriate documentation
Our firm is accountable for receiving funds from escrow for significant and intricate transactions and disbursing them to the sellers and brokers involved in accordance with an IMFPA or other disbursement agreement.
It is subject to all applicable national and international laws, regulations, and regulations pertaining to anti-money laundering. In order to meet the requirements of banks, money-laundering monitors, and tax authorities, due diligence is conducted on each individual and entity involved in a transaction. Additionally, it is important that such transactions comply with the regulations and protocols imposed by the Moroccan authorities on financial institutions. After careful due diligence, we will enter into a paymaster agreement to receive, manage, and disburse funds.
In accordance with the anti-money laundering and terrorist financing regulations, we possess the authority to request all or a portion of the following documents and information from the parties:
- Certified copy of all transactional documents, including the payment agreement. This is imperative in order to fully document the legitimate origin of the funds credited to the Attorney Paymaster trust account.
- Notarized photocopies of personal identification documents (passport or ID) of all beneficiaries.
- Additional forms related to a thorough Know Your Client (KYC) due diligence process.
- The banking coordinates of the parties to whom funds, fees, and commissions are to be disbursed.
- The certified and notarized Tax IDs of each beneficiary.
- The certified and notarized proof of address of each beneficiary.
Important note before contacting us
- PAYMASTER treats all information as confidential, with the exception of essential requirements to satisfy due diligence requirements of banks or comply with demands from law enforcement authorities.
- PAYMASTER does not participate in underlying transactions or projects related to its services. After AML due diligence is satisfactorily completed, the PAYMASTER can enter into a formal contract with the parties.
- According to law, the PAYMASTER is required to perform legal and tax due diligence on all transactions.*
- Payments and disbursements can be made exclusively through wire transfers of SWIFTs. Cash, money orders, or bank checks are not allowed.
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