Secure your financial stability

Identification document (Passport or ID), proof of address (utility bill / bank statement), documentation supporting good reputation (reference letter, clean criminal record), proof of annual income and source of wealth (employment agreement, tax declaration, bank records).

Yes, entities require additional documents, including corporate certificates, ownership structure, documents identifying the UBO(s), financial data/position of the entity.

KYC documents should be updated periodically based on the risk level of the client. The records of high-risk clients shall be updated more frequently than those of low-risk clients.

Common clients’ categories of risk include low, medium, and high risk, depending on the likelihood of money laundering or terrorist financing.

Clients’ risk assessments should be reviewed regularly, depending on the risk level of the client, and also when significant changes occur in the Client’s Economic Profile, or when amendments in the European and Cyprus legislation require so.