Mandate practice

2026

← Glossary

FBO Account

"For Benefit Of" account: one entity holds funds on behalf of another — common in US banking, BaaS and correspondent relationships.

VeriRail: When your file turns on how funds are held and titled, VeriRail works through the narrative with you before another serious US provider call.

When the next conversation with a bank, EMI, PSP or FX provider matters, the work is the Founder Advisory Seat — M.M. Thakur beside you on flow of funds, account-route readiness, DDQ and RFI answers, closures and live calls. Bank account first. Rails second. FX third. Compliance throughout.

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The Library is the framing. The Advisory Seat is the work.

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