Overview
In order to successfully complete the onboarding process and activate your business on our platform, it is essential to provide the required identification documents. These documents are necessary for regulatory compliance and to ensure the legitimacy of your business.
What to Do if You Don’t Have the Required IDs:
Acquire the Necessary IDs: If you don’t currently have the required IDs, we strongly recommend that you begin the process of obtaining them as soon as possible. This will help ensure that your business can proceed with the onboarding process without delays.
Required IDs: Depending on your business structure and jurisdiction, you may need to provide documents such as:
Personal identification (e.g., passport, national ID, driver’s license)
Business registration documents
Proof of address for both the business and ultimate beneficial owners (UBOs)
Compliance Necessity: Without these necessary IDs, Cedar cannot activate your business account due to strict regulatory compliance requirements.
Why This Matters
The ID verification process is a key component of our Know Your Client (KYC) and Know Your Business (KYB) procedures. These checks help ensure the security and compliance of all businesses on our platform and mitigate the risk of fraud or other illicit activities.
If you need further assistance or have any questions, please don’t hesitate to reach out to our support team.