Individuals need to show their government issued photo ID and proof of address, whereas businesses need to show documents which may include incorporation certificate, UBO, AOA/MOA, operating licenses, etc.
Omoney has developed a robust Customer Verification Process that will be used to independently verify client information.
For KYC, Omoney will request documents from the individual such as:
- A valid government-issued photo ID that contains the following information: Full Name, Nationality and Date of Birth
- Proof of address such as a bank statement, utility bill dated within the last 6 months
For KYB, Omoney will request for:
- Business registration documents.
- Document displaying the share ownership and list of director(s) and officer(s).
- Operating address proof dated within the last 6 months (bank and government letter, utility and telecom bill, tenancy agreement etc)
- IDs of all Ultimate beneficial owners (UBO) who ultimately hold 25% or more shares
- IDs of all directors
- Authorised representative ID and Proof of address
- Website of the business entity
If you are a sole proprietorship, we would require:
- government-issued photo ID and proof of address of the sole proprietorship;
- Operating address proof
- Valid business registry document
- Trading name (if any)
We may request additional documents on a case-by-case basis.
It is advisable to upload the required documents at the time of onboarding to expedite the onboarding process.