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Banking regulations and compliance requirements


To open a corporate account for an offshore company, all reputable offshore banks will require detailed personal and business information from the owners and controllers of the offshore account.


Consequently, the international and offshore banks with which we work will wish to:

Obtain copies of clients' identity documents

Understand the client's business activities and banking requirements

Identify the source of funds paid into the company's accounts to exclude any risk of such funds being derived from criminal activity

Monitor banking transactions to prevent money laundering





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