Group Onboarding Checklist Form printable pdf download

Group Onboarding Checklist by Entity Type

Corporate

Nature of Business

 A written request for new account on Company Letterhead, duly signed by authorized signatory/ies, which includes:

o Clear summary of the Company’s business operations, organization, ownership structure and incorporation date

o Details of Registered Office, relevant jurisdictions, physical location & address of operating entities / place of

business

o Source of Funds / Wealth

o Intended purpose of the account(s), including account types, currencies, expected turnover, cash flows and

countries where payments will be made

o For international and exempted companies, provide reason for incorporating and/or establishing a relationship

in Bermuda

Corporate Customer Information Form

 Completed Customer Information Form – for Entities

 Corporate Resolution to open the relevant account(s) with the appropriate Clarien Entity(s) and conferring authority

on the specified signatories to operate the account(s) with sample signatures

Identification and verification of Authorised Signatories of the Account(s)

 Completed Customer Information Form for all Signatories

 See Checklist of documents required for Individuals

[

Not required for Regulated Financial Institutions that have confirmed they are a Reporting FFI for FATCA/CRS and who have provided their

GIIN – in which case, same requirements as Directors below]

Identification of Directors and Authorised Signatories

 Passport

 Evidence of Address (e.g. utility bill)

Identification and verification of all owners and ultimate Beneficial Owners owning 10% or more

(not required for Companies listed on Recognised Stock Exchange)

 For complex structures (more than 2 layers of ownership), organization chart showing the full ownership structure

 Completed Customer Information Form/Tax Cert for all owners

 See Checklist of documents required for each entity type (i.e. for Individual, Corporate or Trust)

 All documents submitted must be originals or original certified copies. Copies should be notarized if submitted from outside Bermuda

 Clarien may request additional information and verification

Page 1 of 2

V1.4 16.03.30. GC

Group Onboarding Checklist Form