What details do I need to provide to complete my account registration?

To open a myPOS account, you need to complete a two-stage identification process to ensure compliance with regulatory requirements and maintain the security of the platform.
 
Stage 1: Individual Identification
1. Online Identification: Complete a quick online identification process.
2. Proof of Identity: Present a valid driver’s license or an official government-issued passport with your picture.
3. Proof of Address: If your permanent address is not on your ID, provide an additional document such as a utility bill or bank statement that verifies your address.
 
Stage 2: Business Verification
Once your individual identity is confirmed, the next step is to verify your business. This involves:
1. Verification of Key Individuals:
  • Directors
  • Authorised Signatories
  • Ultimate Beneficial Owners (UBOs) holding more than 25% ownership
2. Proof of Business: Provide relevant documents such as the company's registration certificate, articles of association, and proof of business address.
3. Additional Documentation: Any other documents that may be required to verify the legitimacy and ownership structure of the business.
This two-stage verification process ensures compliance with the 4th and 5th EU AML Directives and helps maintain the security and integrity of myPOS services by preventing fraud and money laundering.



Was this article helpful?

Haven't found what you're looking for?

Submit a request