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DUE DILIGENCE REQUIREMENTS

To ensure compliance with all applicable anti-money laundering and terrorist financing laws, regulations and best practices, WB Corporate Management Ltd. (WB) requires the following information in relation to each beneficial owner, shareholder, director, officer, and instructing party of the proposed Company:

A.     FOR INDIVIDUALS / NATURAL PERSONS

WB will require an original  , notarized or certified  copy of:

  • 2 forms of current photo identification (i.e. passport, driver’s license, government ID card, etc.).

  • Verification of residential address (i.e. recent utility bill, tax statement, bank statement, etc.), which is not more than 3 months old.

  • Professional reference letter

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B.     FOR A PRIVATE CORPORATION OR PARTNERSHIP (BODY CORPORATE)

WB will require identification on the company, its directors and beneficial owners of ten percent (10%) or more of the company holdings throughout the group up to the ultimate beneficial owners. As such, WB will require an original  , notarized or certified  copy of:

  • Certificate of Incorporation (and any change of name document).

  • Articles of Incorporation/Partnership Agreement or equivalent.

  • Certificate of good standing.

  • Register of directors and officers.

  • Register of members.

  • Most recent financial statements (if applicable).

  • Each individual member with more than 10% ownership, as listed on the register of members, will be

    required to submit photo identification and proof of address as noted in section A above.

  • Each corporate member with more than 10% ownership, as listed on the register of members, will be
    required to submit corporate documents, each as noted in section B.

 

In instances where a Trust is involved, we will provide a specific list of requirements.

 

Where an assessment is made that any of the above presents a high level of risk additional information may be required as is considered necessary.

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   ORIGINAL DOCUMENTS

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Refers to a copy of the original document taken by a representative of WB, or an original hard copy of a

document such as a utility bill or bank statement.

   NOTARIZED OR CERTIFIED DOCUMENTS

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  • Copies must be certified in English as being a true copy of the original.

  • Where the document contains a photograph, it must be certified as a true likeness of the individual.

  • Any documents that are not in English require an appropriate notarized translation.

  • Acceptable certifiers include a Notary Public, Independent Lawyer, Professional Accountant, Embassy Official, Member of Judiciary who should provide their name, address, status on or with the certified document. The certifier should clearly sign and date the documents.