Corporate verification overview
To comply with applicable anti-money laundering (AML) regulations, Bity applies a Know Your Business (KYB) verification process for corporate clients before executing transactions.
The documentation required depends on the company’s structure, jurisdiction, and intended transaction activity.
Required company documentation
During the corporate verification process, you will typically be asked to provide the following:
Company details
Proof of company address
(e.g. utility bill or bank statement showing the company name and IBAN/account number, issued within the last three months)
Legal existence
Extract from the commercial register (issued within the last 12 months)
If not available, an equivalent official document may be accepted, such as:
certificate of incorporation,
certificate of incumbency,
memorandum and articles of association,
founding or constitutional documents.
Ownership structure
To identify the company’s shareholders or owners, one of the following may be required:
shareholder register,
statement of ownership or equivalent,
trust agreement (where applicable),
extract from an official company registry.
Control and management structure
To identify directors or individuals exercising control:
director register,
statement of information,
trust agreement (where applicable),
extract from an official company registry.
Authorised representatives
If one or more individuals are authorised to act on behalf of the company:
power of attorney or equivalent document confirming authorisation.
Please note that additional documents may be requested depending on the company structure, jurisdiction, or compliance assessment.
Identification of individuals
As part of the KYB process, certain individuals connected to the company must also be verified.
Authorised signatories
Each authorised signatory will be asked to provide:
a valid passport or national ID card (with visible MRZ code),
a recent selfie (with the same identity document),
a proof of residence, where applicable.
Shareholders and beneficial owners
Each shareholder or beneficial owner will be asked to provide:
a valid passport or national ID card (with visible MRZ code).
Additional verification steps
In some cases, additional verification measures (such as video verification or supplementary documentation) may be required due to regulatory or compliance considerations.
If applicable, our compliance team will contact you directly with further instructions.
Once your corporate verification file has been reviewed and approved, you will receive a confirmation by email.