Why do I need to provide information about my shareholders? - Transfer Vault

Why do I need to provide information about my shareholders?

This is part of our regulatory obligations as an EMI registered by the UK’s Financial Conduct Authority.

As part of our license with the FCA, we are required to have a clear understanding of the individuals we are conducting business with, which includes knowing all your company directors and major shareholders. This ensures that the financial transactions your business initiates are conducted in compliance with legal standards.

We are obligated to perform thorough due diligence for every client, which includes verifying identities with documents such as passports and proof of address. By fulfilling these requirements, we can facilitate your ability to conduct global payments securely and efficiently.

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