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Business details verification

  • Updated

To ensure compliance and verify the legitimacy of both financial and non-financial institutions, we require the submission of specific company and legal documentation. This process helps us meet regulatory requirements and ensure that all business dealings are transparent and secure.

For Non-Financial Institutions

  1. Company Information:

    • The company’s legal entity name
    • Trading name (if applicable)
    • The company’s registration number
    • The company’s registered address, trading address, and, if different, its principal place of business
    • Incorporation date

  2. Legal and Compliance Documentation:

    • The law to which the body corporate is subject and its constitution (e.g., Articles of Association or similar governing documentation)
    • Proof of the company’s status in the public records of the relevant authority to ensure that the company is an active legal entity

  3. Financial Information:

    • Most recent audited financial statements for the preceding 2 years

For Financial Institutions

  1. Company Information

    • The company’s legal entity name
    • Trading name (if applicable)
    • The company’s registration number
    • The company’s registered address, trading address, and, if different, its principal place of business
    • Incorporation date

  2. Legal and Compliance Documentation

    • The law to which the body corporate is subject and its constitution (e.g., Articles of Association or similar governing documentation)
    • Proof of the company’s status in the public records of the relevant authority to ensure that the company is an active legal entity

  3. Financial Institution-Specific Information

    • Registration with the local central bank or local financial regulator
    • Payment services license (s) for all countries where the Financial Institution is licensed (if applicable)

  4. MLRO Designation and AML Compliance Documentation

    • Board resolution designating the MLRO, along with an ID of the Enterprise's MLRO and their Curriculum Vitae (CV) or other proof of experience
    • Anti-Money Laundering (AML) policies and procedures (Handbook/Manual/other) and approval by the Financial Institution’s Board
    • Latest independent review of AML policies and procedures (if applicable) and the institution’s response to the review (if available)
    • AML training materials and evidence of AML training for the Enterprise’s employees

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