Why do I need to provide information about my shareholders?
This is part of our regulatory obligations as an EMI registered by the UK’s Financial Conduct Authority. You can view our registration here.
As part of our licence with the FCA, we need to know who we’re working with – and that includes having a full understanding of who all your company directors and major shareholders are. In turn, this lets us know the money your business is sending and receiving is legally accounted for.
We’re obligated to complete this due diligence for every client we work with, including requesting a copy of their passport and proof of address. By completing this due diligence, we can subsequently allow you to send and receive global payments as and when you like.
First published on 01/03/2022.