Partnerships

 

Information needed

Acceptable verification documents

Identification

  • Name of partnership
  • Partnership agreement (if there is one)
  • If there is no partnership agreement, this must be confirmed in writing by the partners

Business address

This will only be applicable where the partnership has a business premises.

No verification documents are required.

Profiling information (only for new customers)

  • Source of income (nature of business)
  • Source of funds that the customer expects to use in concluding transactions in the course of the business relationship
  • Type of activity that we can expect on the account

No verification documents are required.



Partners

All partners, including every member of a partnership en commandite, an anonymous partnership or any similar partnership, must be identified as per the mandatory information for the category of customer within which they fall.

Authorised signatories

All authorised signatories must be identified as per the mandatory information for individual customers.

Person who exercises executive control

The person who exercises executive control over the partnership must be identified as per the mandatory information for individual customers.

Persons who act on behalf of a partnership

  • All such persons must be identified and verified as per the mandatory information for individual customers as detailed above
  • Written confirmation that the person has authority to act on behalf of the partnership is needed.


For individual related parties

  • No residential address verifications are required
  • No profiling information is required
  • Contact details are an additional requirement.


For corporate related parties

  • No profiling information is required.

In the case of professional partnerships the professional partnership has to proof the registration of such professional partnership in which case the requirements will differ.

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