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Compliance , Transparency: the new way Bank account opening

Compliance , Transparency: the new way Bank account opening . The world is changing . Transparency Compliance Due Diligence G8 and G20 Summit: To fight tax evasion Banks will not be tax inspectors but they should check that the money is legitimate and not the product of tax evasion.

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Compliance , Transparency: the new way Bank account opening

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  1. Compliance , Transparency: the new way Bank account opening

  2. The world is changing • Transparency • Compliance • Due Diligence • G8 and G20 Summit: To fight tax evasion • Banks will not be tax inspectors but they should check that the money is legitimate and not the product of tax evasion

  3. Banks Private Banks Commercial Banks Mixed Banks

  4. Due Diligence and Compliance Need to know the last physical person at the end of the ladder and all the between companies For UBO, directors of all the cos in the structure we need the following: international passport and passport check Proof of address Bank reference CV Source of wealth Background and professional experience , Website etc Original Apostil or certified copies of the company certificates of all the between companies Line of business- detailed Websites Expected turnover, countries , suppliers, clients For some bankd, number of transactions, and volumes etc

  5. Match the needs of the clients with the bank requirements Questions to ask: Commercial or private banking Size of client Nature of business

  6. Спасибо!!

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