Paying Agent Service

Caxton’s Paying Agent service, also known as Third-Party Managed Accounts (TPMA), is a fully FCA-regulated solution that securely holds, manages and disburses client funds on your behalf. It provides a compliant alternative to traditional client or escrow accounts, reducing regulatory, operational and reputational risk while allowing your firm to remain in control of the payment process.

The service is designed for organisations that manage client money, including law firms, accountancy firms, corporate advisers and professional services businesses. It is commonly used for M&A transactions, litigation settlements, shareholder distributions, probate, asset sales and other complex or high-value disbursements.

Caxton takes responsibility for all AML, KYC and KYB checks on relevant parties. This removes the burden of compliance administration from your team and helps reduce risk under tightening regulatory requirements. Funds are safeguarded in protected, reconciled accounts, eliminating the need for your firm to open or manage client accounts.

Yes. Caxton operates a dual FCA-regulated platform and meets strict regulatory, safeguarding and audit standards. Client funds are held securely in segregated accounts, providing transparency, protection and confidence for all parties involved.

Caxton manages the full end-to-end process:

1. Parties are onboarded and compliance checks are completed

2. Funds are received into a safeguarded holding account

3. Funds are verified, held and reconciled

4. Payments are accurately disbursed to beneficiaries

5. Full reporting and confirmations are provided for audit and reconciliation

This ensures faster, safer and fully compliant payments without operational complexity.

Yes. Caxton supports payments in over 30 currencies, enabling seamless cross-border disbursements. This makes the service suitable for international transactions, global shareholder payouts and multi-jurisdictional deals.

No. Caxton acts as a neutral third party, handling compliance, safeguarding and payment execution, while your firm retains control over instructions, timing and approval. The model is designed to remove risk and admin — not decision-making authority.

Using Caxton’s Payment Agent service helps firms:

• Reduce audit, AML and reconciliation burden

• Lower cyber, fraud and operational risk

• Avoid administering client accounts

• Speed up onboarding and payments

• Provide greater transparency and confidence to clients