The Collins Law Office

UCC Article 12 Paymaster & Compliance

Exclusive neutral paymaster services for physical energy procurement transactions, settled via Controllable Electronic Records (CERs) on the Genesis Ledger.

Begin Intake KYC Requirements

About the Firm

Daniel L. Collins, Esq.

Colorado Bar No. 21800, with deep expertise in UCC Article 12, digital assets, and cross‑border trade finance. The firm partners with GB Dynamics, Inc. and Thoroughbred LLC to provide rigorous regulatory screening and fiduciary oversight.

Our Mission

To operate as a neutral, trusted paymaster and clearing agent, receiving, holding, and disbursing trade funds arising from physical energy procurement. We ensure strict compliance with AML/KYC, state bar rules, and international treaty covenants.

Services

⚖️ Paymaster & Escrow

Neutral third‑party holding and disbursement of funds, with joint co‑counsel oversight. We maintain IOLTA/trust accounts with rigorous ledger‑segregation protocols.

📜 UCC Article 12 CERs

Expertise in Controllable Electronic Records – we establish exclusive 'control' under §12‑105 and process digital Trade Acceptances free of property claims.

🌍 Cross‑Border Settlement

Multi‑currency payments (USD, EUR, GBP) via correspondent banking, with capacity for international escrow accounts and central bank relationships.

🛡️ AML/KYC Compliance

Full alignment with FinCEN and FATF, with CDD/EDD protocols, designated compliance officers, and monthly trust reconciliation.

Mandatory KYC & Compliance Instructions

All candidate law firms must satisfy the following regulatory requirements. Please review carefully before completing the intake form.

✅ Legal Standing
All attorneys must be in good standing with state bars; no disciplinary history or debarment.
🏦 IOLTA Account
Active pooled IOLTA at an FDIC‑insured institution, with automated ledger isolation and monthly three‑way reconciliation.
📄 UCC Article 12
Familiarity with CERs and willingness to establish exclusive control under §12‑105.
🌐 Correspondent Banking
Relationships for multi‑currency settlement and ability to open escrow accounts outside the US.
🔐 AML Policy
Written AML policy with CDD/EDD protocols, aligned with FinCEN and FATF.
📎 Exhibits Required
Certificates of Good Standing, Insurance Declarations, W‑9, AML procedures, and (if applicable) explanatory affidavit.

All documents must be submitted as part of the intake package. Incomplete submissions will not be processed.

IOLTA Paymaster Intake Form

Complete all sections and attach the required exhibits. All fields marked * are mandatory.

1. Firm Identification
2. Legal Standing & Disciplinary History

Answer YES or NO – affirmative requires Exhibit E.

2.1 All practicing attorneys in good standing? *
2.2 Ever subject to formal disciplinary action, suspension, or disbarment? *
2.3 Ever subject to civil/regulatory enforcement or audit sanction? *
2.4 Any principals convicted of felony or financial crime? *
2.5 Currently debarred or excluded from federal contracting? *
3. IOLTA & Trust Account Capacity
3.1 Does your firm maintain an active, pooled IOLTA or equivalent trust account? *
3.2 Is the IOLTA/trust account at a federally insured institution? *
3.3 Do you have automated ledger-isolation systems to prevent commingling? *
3.4 Do you perform monthly three-way reconciliations? *
3.5 Willing to act as neutral third‑party paymaster under joint instructions? *
4. UCC Article 12 & Controllable Electronic Records
4.1 Legal team familiar with UCC Article 12 and CERs? *
4.2 Willing to establish exclusive "control" of a CER under §12‑105? *
4.3 Understand that a Qualifying Purchaser takes a CER free of claims? *
4.4 Willing to adopt cryptographic evidence of exclusive control? *
4.5 Willing to receive and process digital Trade Acceptances as CERs? *
5. Cross‑Border & Correspondent Banking
5.1 Trust institution has correspondent banking relationships? *
5.2 Can process multi‑currency payments (USD, EUR, GBP, etc.)? *
5.3 Can open and maintain escrow/trust accounts outside the US? *
5.4 Ever experienced correspondent banking termination or "de‑risking"? *
5.5 Maintains direct settlement account with a central bank or BIS? *
6. AML / KYC & Regulatory Compliance
6.1 Has written AML policy and designated compliance officer? *
6.2 Conducts rigorous Customer Due Diligence (CDD) on clients/payees? *
6.3 Has Enhanced Due Diligence (EDD) protocols for high‑value cross‑border? *
6.4 Compliance aligned with FinCEN and FATF recommendations? *
6.5 Ever audited, fined, or sanctioned for KYC/AML non‑compliance? *
7. Transaction Processing & Paymaster Fees
7.4 Willing to execute a formal, exclusive Paymaster Agreement (Deed of Agreement)? *
8. Required Certification Documents (Exhibits A–E)

📎 Files are submitted securely and will be available in the Formspree dashboard.

9. Candidate Attestation & Certification

By signing, you certify all information is true and complete.