KYC (Know Your Customer).
As a standard procedure it is important for us to know more about you to make sure we can protect you from financial crimes such as identity theft, fraud, money laundering, and terrorism financing.
How does KYC works?
For Natural Persons:
Step 1: fill up personal information.
- Full Name, Including any aliases
- Unique Identification Number (e.g. NRIC, Passport number, birth certificate number, etc)
- Residential Address
- Date of Birth
- Nationality
- Telephone number
- E-mail address
Step 2: submit documents to verify your information (including Valid ID, selfie with the ID card, proof of residence).
How does KYC works?
For Legal Persons or legal arrangements.
Step 1: fill up personal information.
- Full name of entity
- Unique identification number (e.g. UEN or business registration number, etc)
- Registered business address or principal place of business
- Telephone number
- E-mail address
- Date of establishment, registration, or incorporation
- Place of registration or incorporation
- Legal form (e.g. company, trust, foundation, society, etc)
- Constitution and powers (e.g. company constitution, trust deed, etc)
- Full names, including aliases, of persons connected to the client (e.g. shareholders, directors, officers, trustees, etc)
- Unique identification numbers (e.g. NRIC, etc) of persons connected to the client
- Nature of the client’s business, and its ownership and control structure. All identification documents should be current and not expired. Digitally-generated documents such as ACRA business registration reports should be recent (< 3 months old)
Step 2: submit Certificate of Incorporation, valid ID, proof of Directors, and proof of address along with other details.
FAQs about KYC.
Why is KYC important?
Know your Customer is important especially for first time clients to ensure that they will use our services legally and to prevent Money Laundering and Financing of Terrorism.
Are my data safe if I submit them to Entre Biz?
Yes! Your data is completely safe with us, we have privacy policy in place and strictly adhere to it and never share customer details to any third party. We just need to verify all the information that you gave us during the account opening.
What kind of documents do I need to submit to verify my information?
a) For Valid ID this includes Passport, National ID Card, and/ or Driving license. b) For Proof of Address this includes Utility bills, Bank or Credit Card Statements, any other government or financial institution issued documents
Join Entre Biz now!
Download Entre Biz application now
