The evidence categories
Know-your-business evidence covers the entity, its ownership chain, its controllers, and its activity. The specific documents vary by institution, but the categories do not.
- Entity: incorporation documents, constitutional documents, current registers
- Ownership: the chain to every beneficial owner, including intermediate entities
- Controllers: identity and address evidence for each individual
- Activity: a specific description with evidence — contracts, invoices, or a documented plan
- Financial: accounts or management figures for the trading period
Keeping it current
Documents expire and ownership changes. A pack assembled once and never revisited fails at the next application, so it belongs in a maintained document vault rather than in an email thread.
Related reading
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