Why does the bank require a company ownership structure? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Why does the bank require a company ownership structure?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

To identify the owners, controllers, and the person who will ultimately be transferred, and to understand the client's risks.

Key points

  • Prepare up-to-date ownership documents.

  • Significant changes must be updated.

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