Documents Required to Open an iBanFirst Account
As a regulated payment institution, we are obligated to collect several documents as part of our onboarding process to comply with KYC (Know Your Customer), AML (Anti-Money Laundering), and CTF (Counter-Terrorism Financing) regulations.
For Companies:
iBanFirst Signed Contract
Proof of Incorporation
Shareholder Structure Chart
This chart must identify the ultimate beneficial owners (UBOs) and be 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 defined as:
A natural person who, directly or indirectly, owns or controls more than 25% of a company’s shares or voting rights.
A natural person on whose behalf a transaction is being conducted.
What is a Valid Identity Document?
Valid identity documents include:
Passports
National Identity Cards
Driving Licenses (except for French nationals)
Important Requirements for Identity Documents:
They must be valid (i.e., not expired).
The document must be of good quality (e.g., clearly visible, sharp image, no folds or scratches).