A beneficial owner is the individual who ultimately owns or controls the funds or assets used in the business relationship with Bity, or on whose behalf a transaction is carried out.
If you are using your own funds, you are considered the beneficial owner.
If the funds belong to another individual or entity, that person (or those persons) must be declared as the beneficial owner(s).
Where applicable, Bity may require:
identification details of the declared beneficial owner(s),
and a valid identity document for each beneficial owner.
This information is required to comply with applicable anti-money laundering (AML) regulations.