As a financial institution, we need to verify that you are who you say you are on the application before we can approve the opening of your account. Why? It is simple - it's a regulatory requirement (4th EU AML Directive and 5th EU AML Directive) and it allows us to keep myPOS a safe place, free of fraudsters, money launderers and so on.
So, if you want to use the myPOS services, one of the first things you'll have to do after you register a free account is to pass the Identity check, which means you'll have to:
- Go through a quick online identification and present your driver’s license or official government-issued passport with your picture on it.
- If your permanent address is not on the passport, you will need to send us a proof of address (check the next question for the list of accepted documents)
Companies, Body Corporates and other Legal Persons
As a financial institution, we need to verify the identities of the Directors, the person authorised to open the account and make transactions (signatories) and all the people who ultimately own or control more than 25% of the business (UBOs or Ultimate Beneficial Owners) before we approve the account or allow transactions. Why? It is simple - it's a regulatory requirement (4th EU AML Directive and 5th EU AML Directive) and it allows us to keep myPOS a safe place, free of fraudsters, money launderers and so on.
So, if you want to register for a myPOS account for your company and use the myPOS service, one of the first things you'll have to do after you register a free account is to pass the Identity check for you and your company. This means that either the Director/owner of the company or a person authorised by the Director will have to:
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• Complete a short online identification and present your valid driver’s license or an official government-issued passport with your picture on it and |
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• You will need to send us a proof of address (check the next question for the list of accepted documents). |