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What checklist should I follow to ensure Know Your Business compliance with Cedar?
What checklist should I follow to ensure Know Your Business compliance with Cedar?
Updated over 2 weeks ago

Overview

To ensure full compliance with Cedar’s Know Your Business (KYB) process, please submit the following required documents and information. Double-check each item for accuracy and completeness to meet our compliance standards:

KYB Compliance Checklist

  1. Complete Business Information

    • Legal Business Name

    • Company Type

    • Company Registration Number

    • Tax Identification Number (TIN)

    • Business Address

  2. Detailed Ultimate Beneficial Owner (UBO) Information

    • Provide detailed information on all individuals who own or control the company.

  3. Legal Formation Documents

    • Certificate of Incorporation, Articles of Association, or similar documents that legally establish your business.

  4. Proof of Business and UBO Address

    • Utility bill, lease agreement, or other official documents showing both your business and UBO's residential address.

  5. Passport Copies of Beneficial Owners

    • Valid, clear passport copies for all beneficial owners of the business.

  6. Business Licenses (If Applicable)

    • Any relevant business licenses depending on the industry or region.

  7. Shareholding Structure

    • A detailed breakdown of your company's shareholding, showing ownership distribution.

  8. Recent Bank Statements

    • Bank statements showing recent financial activity for your business.

Why It Matters

These documents are necessary to comply with regulatory standards and ensure that Cedar maintains a secure and reliable platform for all clients. Providing accurate and complete information helps expedite the verification process and ensures smooth business operations.

If you have any questions or need assistance with any part of the process, feel free to contact us at support@cedar.money.

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