KTT, S2S, IPIP, IPID Transfers Verification & Fraud Screening
KTT / S2S / IPIP / IPID “Transfers” Are Not Banking Transactions
Executives continue to receive proposals using obsolete or fabricated terms such as “KTT,” “Server-to-Server,” “IPIP,” “IPID,” or “screen-to-screen transfers.” These are not recognised payment rails. They do not settle value, they do not appear on audited statements, and they cannot be reconciled in central-bank systems. This article provides a factual framework so you can address these claims firmly and professionally.
If a transfer does not move through recognised settlement rails, it is not money. No exceptions.
The hard rules of settlement
| Rule | Explanation |
|---|---|
| Recognised rails only | SWIFT MT/ISO, central-bank RTGS (Fedwire, CHAPS, TARGET2, etc.), or regulated domestic systems (SEPA, CHIPS, ACH, FPS, NPP). |
| Screenshots are not money | Private screens and PDFs cannot create value. If the balance is not visible on your bank’s ledger, it does not exist. |
| Obsolete terms | KTT (Key Tested Telex) is no longer used. Modern settlement does not rely on it. |
| Non-value messages | MT799 or pre-advice letters are not settlement. Value moves only on MT103/202 or ISO equivalents. |
Common claims vs reality
| Claim | Reality |
|---|---|
| “KTT/S2S/IPIP/IPID is faster than SWIFT.” | No such rail exists. Real transfers use SWIFT/ISO, RTGS, or regulated domestic systems. |
| “Balance screenshots prove funds.” | Settlement must reconcile on ledgers. Screenshots are meaningless. |
| “Proof first, value later.” | Non-value messages cannot compel payment. |
| “Activation fee required.” | Advance fee fraud. Real transfers do not require activation payments. |
Clear red flags
| Red flag | Why invalid |
|---|---|
| Unlicensed or “ghost” banks | No BIC, no regulator, no correspondents. No access to clearing. |
| Refusal to name the settlement rail | Because there is none. Real rails are public and standardised. |
| Use of messaging apps for operations | Real banks do not conduct settlements over chat groups. |
| Server logins or demos | User interface theatre. Settlement is ledgers and authenticated messages, not web mockups. |
Do not accept or send these items
| Item | Reason |
|---|---|
| Private screens or edited PDFs | Easily forged. Not evidence of funds. |
| RWA or pre-advice letters | Comfort letters are not cash. |
| Requests to pay unlock or activation fees | Fraud pattern. Decline immediately. |
| Invites to join operations chat groups | Regulated rails do not operate on chat apps. |
If a transfer is not processed through SWIFT/ISO, central-bank RTGS, or a regulated domestic rail, it is not valid. KTT, S2S, IPIP, and IPID are not exceptions. Treat such proposals as fraudulent and end the engagement.
If you have been approached with a proposal referencing IPIP or IPID, you can submit the details for compliance review here:
Submit IPIP/IPID ProposalIf you have received a proposal referring to KTT transfers, you can submit it here:
Submit KTT ProposalFinancely provides advisory and compliance review services. We do not process or accept unverified funds and we do not engage with unregulated platforms. All submissions are handled on a best-efforts basis and remain subject to compliance and due diligence.
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