What documents do I need to set up a business?
When you set up a business account with Money Mover, we'll ask you for some information so we can verify the business, and so we can comply with anti-money laundering regulations, and help to protect you against fraud.
We are required to verify the following company information:
Information to verify
Examples of acceptable documentation
|Registered name||Annual return / Certificate of incorporation|
|Registered address||Annual return / Change of registered address form|
|Directors names||Annual return / Incorporation documents|
|Company financials||Most recent account filings|
|Company constitution||Memorandum and articles of association|
|Evidence of nature of business||Website / Sales literature|
Documents can be PDF downloads or photos / scans of original copies.
Verification of controllers of the business
As part of our due diligence process we need to identify certain people within the business. This will involve gathering copies of proof of address and identification documents for each of the following, as per the requirements here:
- Two Directors of the business (or one and the company secretary, if there is only one Director)
- Beneficial owners holding 25% or more of the business
- All 'Mandate Holders' (individuals allowed to operate the account)