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.
The term Ultimate Beneficial Owner (UBO) refers to:
A natural person who, directly or indirectly, owns or controls a company with more than 25% of the company's shares or voting rights; or
A natural person on whose behalf a transaction is being conducted.
Regulated payment institutions, such as iBanFirst, are mandated by regulators to identify and verify UBOs in accordance with their Know Your Customer (KYC), Anti-Money Laundering (AML), and Counter-Terrorism Financing (CFT) obligations.
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.