Required documents for account opening at Finolita

For IBAN

– Copy of Articles of Association – or equivalent
– Copy of Certificate of Incorporation (extract from companies register) – or equivalent
– Organogram – document detailing the group structure and ownership percentage for entity back to the ultimate beneficial owner
– Latest Full Financial Accounts, including “Profit & Loss” and Balance sheet
– If your business is a start-up, please provide a business plan / business model description

– Copy of utility bill not older than 3 months (excl. mobile network operators) for all Shareholders, UBOs, Executives, Directors and Representatives.
– Copy of identity document (both sides if applicable) for all Shareholders, UBOs, Executives, Directors and Representatives
– Business license, concession, trade certificate or similar (if applicable)

– If applicable, a copy of your Anti-Fraud policy
– If applicable, a copy of your Anti-Fraud procedures and guidelines
– If applicable, a copy of your AML policy
– If applicable, a copy of your AML procedures and guidelines
– Other application supporting documents

In case trust is a part of the group structure, nominee shareholder related documents (Apostilled “A”, notarised “N” and signed by Director “D”, Ultimate Beneficial Owner “UBO”, Nominee Shareholder “NS” or Lawyer “L”)

– Declaration of Trust (N, UBO & NS)
– Nominee Declaration (N & NS)
– Power of Attorney (N, A, UBO & Either NS or D)
– Sale/transfer agreement (in case of transferring payment processing services from one entity as a merchant to a new entity) (N and on behalf of current and new entity)
– Confirmation that shareholding, INC. Nominee holders and UBOS is correctly represented above (FRO, L addressed to Finolita)

For IBAN and Payment processing

– Copy of Articles of Association – or equivalent
– Copy of Certificate of Incorporation (extract from companies register) – or equivalent
– Organogram – document detailing the group structure and ownership percentage for entity back to the ultimate beneficial owner
– Latest Full Financial Accounts, including “Profit & Loss” and Balance sheet
– If your business is a start-up, please provide a business plan / business model description

– Copy of utility bill not older than 3 months (excl. mobile network operators) for all Shareholders, UBOs, Executives, Directors and Representatives.
– Copy of identity document (both sides if applicable) for all Shareholders, UBOs, Executives, Directors and Representatives
– Business license, concession, trade certificate or similar (if applicable)

– Standard bank reference letter for all bank accounts included in this form, where funds are settled.
– If applicable, a copy of your Anti-Fraud policy
– If applicable, a copy of your Anti-Fraud procedures and guidelines
– Overview of transactions and chargebacks of the last 12 months
– If applicable, a copy of your AML policy
– If applicable, a copy of your AML procedures and guidelines
– Commercial term and conditions (containing applicable cancellation policy)
– PCI Self-Assessment questionnaire
– Other application supporting documents

In case trust is a part of the group structure, nominee shareholder related documents (Apostilled “A”, notarised “N” and signed by Director “D”, Ultimate Beneficial Owner “UBO”, Nominee Shareholder “NS” or Lawyer “L”)

– Declaration of Trust (N, UBO & NS)
– Nominee Declaration (N & NS)
– Power of Attorney (N, A, UBO & Either NS or D)
– Sale/transfer agreement (in case of transferring payment processing services from one entity as a merchant to a new entity) (N and on behalf of current and new entity)
– Confirmation that shareholding, INC. Nominee holders and UBOS is correctly represented above (FRO, L addressed to Finolita)

Please be kindly informed that in customer due diligence process Finolita might require additional documents or certifications (notarial, Apostille) thereof.

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