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.