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Proof for newly incorporated businesses

  • Updated

For newly incorporated businesses, please provide:

 

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 (whether set out in its Articles of Association or similar governing documentation)
    • The company’s status in the public records of the relevant authority ensures 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 (whether set out in its Articles of Association or similar governing documentation)
    • The company’s status in the public records of the relevant authority ensures that the company is an active legal entity

  3. Financial Institution Specific Information

    • Financial Institution’s registration with local central bank/local financial regulator
    • Payment services licence(s) for all countries where the Financial Institution is licensed (if applicable)

  4. MLRO Designation and AML Compliance Documentation

    • Board Resolution of the designation of the MLRO along with an ID of the Enterprise's MLRO and the Curriculum Vitae (CV) or other document that proves the experience of the Enterprise’s MLRO
    • Anti-Money Laundering Policies and Procedures (Handbook/Manual/other) and the Financial Institution’s Board approval of the same
    • Latest AML Policies and Procedures Independent Review (if applicable) and response to Independent Review (if available)
    • AML Training Material and Evidence of AML Training for Enterprise’s employees