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Documents required to open an iBanFirst account

François Cosnier avatar
Written by François Cosnier
Updated over a week ago

At iBanFirst, we adhere to strict obligations regarding Know Your Customer (KYC), Anti-Money Laundering (AML), and Counter-Terrorism Financing (CFT). As part of our account opening process, we need to collect various essential documents.

Documents Required for Companies

To open an account, companies must provide:

  • A signed contract with iBanFirst.

  • A KBIS extract.

  • A dated and signed shareholding structure chart, identifying the ultimate beneficial owners.

  • The main bank account details of the company.

Information for Ultimate Beneficial Owners and Platform Users

For ultimate beneficial owners and users of our platform, we require:

  • A valid identification document.

What is an Ultimate Beneficial Owner?

An ultimate beneficial owner is defined as follows:

  • A natural person who owns or controls, directly or indirectly, more than 25% of the shares or voting rights of a company, or

  • A natural person on whose behalf a transaction is conducted.

Legal Compliance

Legislation requires regulated payment institutions, like iBanFirst, to identify and verify ultimate beneficial owners in accordance with KYC requirements and AML/CFT regulations.

What is a Valid Identification Document?

We accept the following types of identification documents:

  • Passports

  • National identity cards (NIC)

  • Driver's licenses (except for French citizens)

Validity Conditions:

  • The identification document must be valid, meaning the expiration date must not be exceeded.

  • It must be of good quality, with a clear image, no folds or scratches, and must be fully visible.

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