AML/KYC onboarding
- Identity documents for all shareholders, UBOs, directors, and authorised signatories (valid passport or ID), certified as required.
- Two different proofs of residential address for each relevant person, dated within the last three months.
- Ownership structure chart for multi-layer or corporate ownership; UBOs with 25% or more participation or equivalent control must be identified and registered.
- Source of funds and, where relevant, source of wealth declarations with supporting documents.
- Business profile of the new company (model, markets, counterparties, and expected first-year turnover).
- Tax residence information and TIN where available for CRS and FATCA reporting.
- PEP and sanctions status declarations for all relevant persons.
Additional measures may include
- Enhanced review where higher risk, PEP status, or complex ownership is identified.
- Additional supporting documents for source of funds or wealth.
- Further clarification requested by Malta providers, the bank, or - where a license is in scope - the regulator.
