To ensure compliance and verify the legitimacy of your business, Cedar requires a comprehensive set of business information and documentation as part of our Know Your Business (KYB) process. Below is a list of the essential requirements you'll need to provide to complete the verification process.
Required Business Information
Please ensure you have the following information about your business available:
Legal Business Name
Company Type (e.g., LLC, Corporation, Sole Proprietorship)
Country of Registration
Business Address
Company Registration Number
Tax Identification Number (TIN)
Establishment Date (when the business was officially formed)
Detailed Ultimate Beneficial Owner (UBO) Information (identifying individuals who own or control the company)
Mandatory Documents
In addition to the business information, Cedar requires the following documents for verification:
Legal Formation Documents (e.g., Certificate of Incorporation)
Proof of Company Address (e.g., utility bill, lease agreement)
Passport Copies of UBOs (for each individual with significant ownership or control)
Business Licenses (if applicable, depending on your industry)
Memorandum and Articles of Association
Proof of UBO Address (e.g., utility bill, bank statement not older than 3 months)
Recent Bank Statements (showing the business's financial activity not older than 3 months)
Why These Requirements Are Necessary
The Know Your Business (KYB) process is crucial for verifying the legitimacy of your company and its operations. By providing the requested information and documents, you help ensure the security and compliance of your business with regulatory standards.