To open and operate a corporate account on the Gather Being platform, a number of regulatory and compliance steps must be completed. These requirements are in place to ensure we meet our obligations under UK financial regulations and to protect your business and its investors.
1. The account controller successfully onboarded
An Account Controller is the authorised individual responsible for managing and operating the organisation’s corporate account. This individual must sign up for a Gather Being retail account. All KYC and AML checks must be completed for this individual.
2. Proof of address supplied and verified for the corporate entity
The document must clearly show the company name and registered address. Accepted documents include:
A bank statement (dated within the last 3 months)
OR a utility bill (dated within the last 3 months)
OR evidence of a property purchase or rental agreement (dated within the last 12 months)
OR a valid insurance policy certificate (dated within the last 12 months)
3. KYB checks completed for the corporate entity
A report showing UK company ownership structure, shareholders, directors, PSCs, PEP/Sanctions statuses for entities and persons.
4. LEI number provided
All corporate entities must provide a valid Legal Entity Identifier (LEI). An LEI (Legal Entity Identifier) number is a regulatory requirement and is required for any business that wishes to conduct any trading activity.
5. KYC/KYB checks completed for all Persons with Significant Control (PSCs)
All Persons with Significant Control (PSCs)—typically anyone owning or controlling 25% or more of the business—must:
Submit identity verification documents
Complete all required KYC and/or KYB checks
This ensures full transparency and compliance with anti-money laundering (AML) regulations.