As a regulated payment institution, our KYC (Know Your Customer), AML (Anti-Money Laundering), and CTF (Counter-Terrorism Financing) obligations require us to collect a number of documents as part of our onboarding process.
iBanFirst signed contract
Proof of incorporation
Shareholder structure chart identifying ultimate beneficial owners (UBOs), dated and signed
Main bank account details
For UBOs and iBanFirst platform users:
A valid identity document
What is a UBO?
An ultimate beneficial owner (UBO) is:
A natural person who, directly or indirectly, owns or controls a company, with more than 25% of company share or voting rights, or
A natural person on behalf of whom a transaction is being conducted
What is a valid identity document?
Identity documents include:
National identity cards
Driving licenses (except for French nationals)
Identity documents must be valid (ie, expiry date has not yet been passed).
Identity documents must have a good quality (eg, document is visible in full, image is sharp, there are no folds or scratches, etc.)