To comply with Anti-Money Laundering (AML) regulations, all loan disbursements and repayments must be made to and from bank accounts held under the same legal name as the Ledn account holder.
Disbursement Requirements
Ledn can only send funds to accounts in the client’s name.
Disbursements cannot be made to:
Accounts held by another individual or business.
“For Further Credit (FFC)” accounts or payment instructions.
Brokerage, investment accounts or crypto exchanges.
For individual clients, funds can only be sent to a personal bank account.
For corporate clients, funds must go to the company’s business account.
Important: Failure to provide Ledn with the proper banking account instructions will result in delays in receiving the funds and in some cases may take up to 30 days for the bank transfer to be returned to Ledn.
Repayment Requirements
All loan repayments must come from a bank account under the same name as the Ledn account holder.
Payments received from third-party, or FFC accounts will be rejected.
In Summary
Both disbursements and repayments must originate from and be sent to an account in the same legal name as the Ledn account holder. This ensures regulatory compliance and prevents transaction delays or returns.