ID&V Legal entities by

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Introduction- ID&V

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- Key elements of the AML/CFT compliance framework.

- To ensure the existence of the customer and their UBOs.

- Two-step approach.

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Identification: obtain company’s info (e.g., official full name, registration number, date of incorporation etc.).

Verification: use reliable sources (e.g., certificates of incorporation, company registries etc.) to confirm the above.

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Crucial steps in ensuring compliance with regulatory requirements.

Helps mitigate risks associated with ML/TF and strengthens the integrity and trustworthiness of the Bank.

maraferraro1 — 2024-05-13 20:04:17 UTC