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SWIFT Payout Document Verification

Eric Viana
Eric Viana
•

All international SWIFT payouts now require compliance document submission before funds are processed. Payouts remain on hold until documents are submitted and approved by our compliance team.

For technical details, check our documentation and Api reference.

TL;DR

  • SWIFT payouts now require document upload before processing
  • Payouts remain on hold while documents are reviewed
  • Documents can be resubmitted if rejected

Why are we making these changes?

International transfers via SWIFT require additional compliance documentation to meet regulatory requirements. This verification process ensures all cross-border payments are properly documented and compliant with international banking standards.

New payout flow for SWIFT

When you create a SWIFT payout, the flow is now:

  1. Payout created → On hold while documentation is not provided or under review
  2. Documents submitted → Compliance review begins
  3. Compliance approved → Payout proceeds normally
  4. Compliance rejected → Submit updated documents and review restarts

Compliance review timing varies based on region and case complexity. Payouts remain on hold pending approval, with an 8-hour SLA for document review.

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Blind Pay, Inc. (“BlindPay”) is a United States-based financial technology and payments infrastructure company, incorporated in the State of Delaware on May 2, 2024. BlindPay is duly registered as a Money Services Business (“MSB”) with the Financial Crimes Enforcement Network (“FinCEN”) under registration number 31000277566153. BlindPay is not a state-licensed money transmitter and does not, in its own capacity, engage in regulated money transmission services. All such regulated activities are conducted exclusively through, and under the licenses of, duly authorized financial institution partners. BlindPay's role is limited to providing financial technology, virtual account management, payment processing, and related payments infrastructure services that facilitate payment flows and account functionalities. These services are provided in coordination with its licensed partners and in compliance with applicable federal MSB requirements and relevant state regulatory frameworks.

Blind Pay, LLC (“BlindPay”) is a Delaware limited liability company formed on June 24, 2025. BlindPay is duly registered as a Money Services Business (“MSB”) with the Financial Crimes Enforcement Network (“FinCEN”) under registration number 31000318334247 and is listed in the Nationwide Multistate Licensing System (“NMLS”) under NMLS ID #2745309.

BLIND PAY SOCIEDADE PRESTADORA DE SERVIÇOS DE ATIVOS VIRTUAIS LTDA. (“BlindPay”) is a Virtual Asset Service Provider (“VASP”) operating in Brazil. The company is presently completing the regulatory adaptation process required of Virtual Asset Service Provider Companies (SPSAV) under Central Bank of Brazil Resolution No. 520/2025, and remains subject to the transitional regime set forth in Article 88 of that Resolution. Registered address: Avenida Princesa Isabel, nº 15, Sala 1405, Edifício Martinho de Freitas, Centro, Vitória/ES, 29010-361.

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