What is corporate account verification and why do we need it?
Corporate account verification is optional and intended to serve as a method for confirming legal entities. EXMO has implemented this stage of verification to comply with the Fifth Anti-Money Laundering Directive (5AMLD), which states that all legal entities that wish to carry-out transactions using cryptocurrencies, must be verified. Corporate account verification allows a user to deposit and withdraw funds from a company’s current account through a bank transfer.
How to successfully pass corporate account verification?
- To verify a corporate account, please send an email on email@example.com. In the email, please state clearly that you wish to undergo corporate account verification.
- We will send you three documents that should be completed and returned (a list of necessary documents for verification and two questionnaires). Please note that the “EXMO AML DUE DILIGENCE” document is to be completed if your company enforces an AML policy.
- Via correspondence, EXMO may request additional documents, if required.
- When your documents have been successfully processed, your account will receive a “Corporate” status, and you will be able to deposit/withdraw funds, as well as trade on EXMO.
A new account with a corporate verified status will be created soon after the successful processing of your documents. If you already have an account on EXMO, you will need to provide us with your login, in order for your account to be classed as a “Corporate” account.