Detecting Ctrl+V with RegisterHotKey but not intercepting it

I need to detect when a user presses Ctrl+V(regardless of window focus - my app will likely be minimised) but I must not stop the actual paste operation.

I have tried a few things: (I am successfully binding to keystrokes with RegisterHotKey)

I have:

protected override void WndProc(ref Message m)
{
  if (m.Msg == 0x312)
    hotKey();
  base.WndProc(ref m);
}

and I've tried the following:

void hotKey()
{
  SendKeys.SendWait("^v"); //just puts 'v' instead of clipboard contents
}

and

void hotKey()
{
  SendKeys.SendWait(ClipBoard.GetText());
  /* This works, but since Ctrl is still down, it triggers
   * all the shortcut keys for the app, e.g. if the keyboard
   * contains 's' then instead of putting 's' in the app, it
   * calls Ctrl+S which makes the app think the user wants
   * to save.
   */
}

Currently the only working solution I have is to bind to something different, e.g. Ctrl+B and then call SendKeys.SendWait("^v"); however this isn't ideal.

An ideal solution would be if my window didn't intercept the keystroke in the first place, just reacted.