When opening a business account with Luno, you’ll need to submit some documents for verification. However, the specific requirements and documents needed vary depending on the type of business entity you operate and the country it's registered in.
South Africa
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A copy of the appropriate Companies and Intellectual Properties Commission (CIPC) document.
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Most recent 3 months' bank-issued statements of account clearly showing the business's name, address and date of issue of the documents.
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Proof of address - If the business’s address is not displayed on the provided bank statements, kindly submit an alternative proof of address issued to the business.
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Source of funds - If the business’s source of funds does not reflect on the provided bank statements, please provide appropriate supporting documentation reflecting the funds to be used within the Luno Business account.
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A signed list confirming all Shareholders and their respective shareholding, indicated by percentage (%), in the business. For each natural person holding 25% or more effective shareholding in the business, the list must include:
- The full name(s),
- The percentage of shareholding,
- Confirmation of residential address, and
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Contact particulars (phone number or email address).
In addition, kindly note the following:
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If any of the abovementioned shareholders is not a natural person, the ownership of that shareholder must be disclosed to identify all natural persons with significant control, i.e. natural persons with 25% or more effective ownership or control of the business.
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The list must be signed and dated by a minimum of two directors (except in the case of a sole directorship, signed by the sole director).
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In the event that a Trust also has an interest in the business, we will require the stamped Trust Deed as well as the Letter of Authority which has been issued by the Master of the High Court. We will in this case also require i) proof of identity, ii) confirmation of address and iii) contact particulars for all beneficiaries, trustees, and the founder of the trust.
In relation to the required confirmation of address, should one wish to provide proof of address documentation, kindly note that the proof of address must be in the person’s own name and not more than 3 months old.
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A clear, colour copy of the official government-issued identity document of every Director, Authorised Official, Senior Manager, and Shareholder with 25% or more effective ownership or control of the business.
- A signed list confirming all Directors, Authorised Officials, and Senior Management personnel of the business, e.g. Chief Executive Officer, etc. For each appropriate person, the list must include: i) full name(s), ii) confirmation of residential address, and iii) contact particulars (phone number or email address).
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A resolution signed by the director(s) naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:
- It must be signed and dated by all directors;
- It must state that it is a directors’ resolution;
- It must contain the business’s full name and registration number;
- It must contain the full name and ID number of the Authorised Official(s); and,
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It must clearly state the specific authority delegated to the Authorised Official(s).
The resolution must also contain the following provision:
“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”
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A copy of the appropriate Companies and Intellectual Properties Commission (CIPC) document.
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Most recent 3 months' bank-issued statements of account clearly showing the business's name, address and date of issue of the documents.
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Proof of address - If the business’s address is not displayed on the provided bank statements, kindly submit an alternative proof of address issued to the business.
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Source of funds - If the business’s source of funds does not reflect on the provided bank statements, please provide appropriate supporting documentation reflecting the funds to be used within the Luno Business account.
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If not reflected on the provided CIPC document, a signed list confirming all Members holding an interest of 25% or more, indicating the respective member’s interests held in the business, by percentage (%).
For each appropriate natural person, the list must further include:
- The full name(s),
- The percentage of interests held,
- Confirmation of residential address, and
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Contact particulars (phone number or email address).
In addition, kindly note the following:
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The list must be signed and dated by a minimum of two members (except in the case of a sole membership, signed by the sole member).
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In the event that a Trust, through its authorised representative, has an interest in the business, we will require the Trust Deed as well as the Letter of Authority which has been issued by the Master of the High Court. We will in this case also require i) proof of identity, ii) confirmation of address and iii) contact particulars for all beneficiaries, trustees, and the founder of the trust.
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A signed list confirming the Authorised Official(s) and Senior Management personnel of the business, e.g. Chief Executive Officer, etc. For each appropriate person, the list must include: i) full name(s), ii) confirmation of residential address and iii) contact particulars (phone number or email address).
In relation to the required confirmation of address, should one wish to provide proof of address documentation, kindly note that the proof of address must be in the person’s own name and not more than three months old.
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A clear, colour copy of the official government-issued identity document of every authorised official, senior manager, and member with 25% or more interests held within the business.
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A resolution signed by the Member(s) naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:
- It must be signed and dated by all members;
- It must state that it is a members’ resolution;
- It must contain the business’s full name and registration number;
- It must contain the full name and ID number of the Authorised Official(s); and,
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It must clearly state the specific authority delegated to the Authorised Official(s).
The resolution must also contain the following provision:
“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”
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An executed partnership agreement.
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Bank-issued statement of account clearly showing the name of the partnership, the address, and the date of issue of the document, not older than three months.
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Proof of address - If the partnership’s address is not displayed on the provided bank statements, please submit an alternative proof of address issued to the partnership. Kindly ensure that this contains a physical address, is addressed to the partnership, and is not older than 3 months.
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Source of funds - If the Partnership’s source of funds does not reflect on the provided bank statements, please provide appropriate supporting documentation reflecting the funds to be used within the Luno Business account.
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A signed list naming all Partners, Executive Controllers (if applicable), and the Authorised Official(s) of the Partnership. For each of the named persons, the list must include:
- The full name(s),
- The position held (e.g. Partner or Authorised Official),
- Confirmation of residential address, and
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Contact particulars (phone number or email address).
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A clear, colour copy of the official government-issued identity document of every partner, executive controller (if applicable) and authorised official.
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A formal confirmation of authority, signed by the partners, naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)). Kindly note that the confirmation of authority should adhere to the following requirements:
- It must be signed and dated by all partners;
- It must state that it is a partners’ formal confirmation of authority;
- It must contain the partnership’s full name;
- It must reflect the full name(s) and ID number(s) of the Authorised Official(s); and,
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It must clearly state the specific authority delegated to the Authorised Official(s).
The confirmation of authority must also contain the following provision:
“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”
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Proof of trading name (website or letterhead with logo).
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Bank-issued statement of account clearly showing the business's name, address and date of issue of the document, not older than three months.
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A proof of address issued to the business.
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Source of funds document - If the sole owner source of funds does not reflect on the provided bank statements, please provide appropriate supporting documentation reflecting the funds to be used within the Luno Business account.
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A clear, colour copy of the official government-issued identity document of the sole owner.
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A copy of the trust deed or founding document reflecting the stamp from the office of the Master of the High Court where the Trust was registered.
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A copy of the Letter of Authority issued by the Master of the High Court in terms of Section 7 of the Trust Property Control Act 1988, for each trustee to act in such capacity.
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A signed list confirming the Founder, Trustees, Beneficiaries, and Authorised Official(s) of the Trust. For each of the named persons, the list must include:
- The full name(s),
- The position held (e.g. Trustee or Beneficiary),
- Confirmation of residential address, and
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Contact particulars (phone number or email address).
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A clear, colour copy of the official government-issued identity document for all Trustees, Beneficiaries, the Founders, and Authorised Official(s). Read more about acceptable identity documents here.
Where one of the persons mentioned above is a company, we would require:
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A copy of the Companies and Intellectual Properties Commission (CIPC) document/proof of legal existence;
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A list of all shareholders and their respective shareholding, indicated by percentage (%);
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ID of every shareholder with significant control, i.e. natural person with 25% or more effective ownership;
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Confirmation of residential address and contact particulars of every shareholder with significant control, i.e. natural person with 25% or more effective ownership;
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Most recent 3 months' bank-issued statements of account clearly showing the Trust’s name and the date of issue of the documents.
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Source of funds - If the Trust’s source of funds does not reflect on the provided bank statements, please provide appropriate supporting documentation reflecting the funds to be used within the Luno Business account.
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A resolution signed by the Trustees naming an individual person(s), and giving said person(s) authority to act on behalf of the Trust and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:
- It must be signed and dated by all trustees (sole trustees need only provide written confirmation that they are the only person authorised to act on behalf of the Trust);
- It must state that it is a trustees’ resolution;
- It must contain the Trust’s full name and registration number;
- It must contain the full name(s) and ID number(s) of the Authorised Official(s); and,
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It must clearly state the specific authority delegated to the Authorised Official(s).
The resolution must also contain the following provision:
“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”
Malaysia
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Certified true copy of the Certificate of Incorporation/Registration and the Memorandum & Articles of Association.
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Certified true copy of the Trading Name and supporting document, if any.
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Certified true copy of Form 49 – Particulars of Directors, if available.
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Certified true copy of Form 24 – Return of Allotment of Shares, if available.
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Latest Corporate Profile (extracted form Companies Commission Malaysia).
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Organisational chart reflecting information on all senior management personnel, independently certified by a registered lawyer, auditor, accountant or company secretary.
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Recent utility bill showing the business address.
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A government-issued, clear, colour ID card for all of the following:
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Individuals with direct or indirect shareholding of at least 25% of the entity & intermediary beneficial owners (intermediary beneficial owners are usually the parent company and corporate shareholders), where relevant.
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Individuals who ultimately control the entity or have ultimate effective control of the client & intermediary beneficial owners through senior management positions such as Chief Executive Officer, Chief Financial Officer, Managing or Executive Director, President / Chairman, Directors (including Alternate Director), etc., where relevant.
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Authorised signatories / authorised persons, where relevant.
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Compliance officers, where relevant.
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Supporting documentation reflecting the source of funds to be deposited into Luno’s Business Account.
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A resolution signed by the director(s) naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)).
Kindly note that the resolution should adhere to the following requirements:
- It must be signed and dated by all directors;
- It must state that it is a directors’ resolution;
- It must contain the business’s full name and registration number;
- It must have the full name and ID number of the Authorised Official(s); and,
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It must clearly state the specific authority delegated to the Authorised Official(s).
The resolution must also contain the following provisions:
“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”
“We confirm that the identity of any person that has effective control or influence of the company is contained in the constituent documents, or has otherwise been disclosed to Luno during the application process.”
“The Luno business account will not be operated, managed, directed or controlled by any person or any beneficial owner of the person who is/are bearer share entity(ies) or who can issue or hold bearer shares.”
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Certified true copy of the latest Business Registration Form D (Supplementary).
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Certified true copy of Business Registration Information Form (Supplemetary).
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Partnership Account Mandate for opening Luno account and list of authorised signatories.
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Latest Corporate Profile (extracted form Companies Commission Malaysia).
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A government-issued clear colour ID card for all of the following:
- Sole proprietors / Partners / Executive Controllers
- Authorised Officials, where relevant
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Compliance officers, where relevant
Note: If the ID document does not reflect residential/mailing address, please provide a proof of address containing at least the full name and the residential address. All documents provided as a proof of address must be recent, issued within the last 3 months.
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Source of Funds - supporting documentation reflecting the source of funds to be deposited into Luno’s Business Account.
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A formal confirmation of authority/mandate, signed by the appropriate persons, that adheres to the following requirements:
- It must be signed and dated by all partners or the sole proprieter;
- It must state that it is a formal resolution or mandate;
- It must contain the business’s full name and registration number;
- It must have the full name and ID number of the Authorised Official(s); and,
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It must clearly state the specific authority delegated to the Authorised Official(s);
The resolution must also contain the following provisions:
“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”
“We confirm that the identity of any person that has effective control or influence of the company is contained in the constituent documents, or has otherwise been disclosed to Luno during the application process”.
“The Luno business account will not be operated, managed, directed or controlled by any person or any beneficial owner of the person who is/are bearer share entity(ies) or who can issue or hold bearer shares.”
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A certified true copy of the Notice of Registration from the Registrar of LLP.
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A certified true copy of the LLP Agreement.
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Latest Corporate Profile (extracted form Companies Commission Malaysia).
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LLP Mandate Form for opening a Luno wallet and list of authorised officials.
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A government-issued clear colour ID card for all of the following:
- Partners and Executive Controllers
- Authorised Officials, where relevant
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Compliance officers, where relevant
Note: If the ID document does not reflect residential/mailing address, please provide a proof of address containing at least the full name and the residential address. All documents provided as a proof of address must be recent, issued within the last 3 months. Read more about acceptable proof of residence documents here.
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Supporting documentation reflecting the source of funds to be deposited into Luno’s Business Account.
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A formal confirmation of authority/mandate, signed by the appropriate persons, that adheres to the following requirements:
- It must be signed and dated by all partners;
- It must state that it is a partners’ resolution or mandate;
- It must contain the partnerships full name and identifying number;
- It must have the full name and ID number of the Authorised Official(s); and,
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It must clearly state the specific authority delegated to the Authorised Official(s).
The resolution must also contain the following provisions:
“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”
“We confirm that the identity of any §person that has effective control or influence of the company is contained in the constituent documents, or has otherwise been disclosed to Luno during the application process.”
“The Luno business account will not be operated, managed, directed or controlled by any person or any beneficial owner of the person who is/are bearer share entity(ies) or who can issue or hold bearer shares."
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A certified true copy of the Trust deed or founding document.
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Certified true copy of Trust registration document.
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A government-issued, clear, colour ID card for all of the following:
- Founder, Trustees, Beneficiaries, and Authorised Officials
- Compliance officers, where relevant
Note: If the ID document does not reflect residential/mailing address, please provide a proof of address containing at least the full name and the residential address. All documents provided as a proof of address must be recent, issued within the last 3 months.
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Source of funds - Supporting documentation reflecting the source of funds to be deposited into Luno’s Business Account.
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A formal resolution, signed by the trustees, naming an individual person(s) and giving said person(s) authority to act on behalf of the trust in relation to the Luno Business account. The resolution must adhere to the following requirements:
- It must be signed and dated by all trustees;
- It must state that it is a trustees resolution or;
- It must contain the trusts full name and identifying number;
- It must reflect the full name and ID number of the Authorised Official(s); and,
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It must clearly state the specific authority delegated to the Authorised Official(s).
The resolution must also contain the following provisions:
“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”
“We confirm that the identity of any §person that has effective control or influence of the company is contained in the constituent documents, or has otherwise been disclosed to Luno during the application process.”
“The Luno business account will not be operated, managed, directed or controlled by any person or any beneficial owner of the person who is/are bearer share entity(ies) or who can issue or hold bearer shares."
Nigeria
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Certificate of Incorporation.
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Memorandum and Articles of Association.
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Proof of Tax Identification (if not evidenced on Certificate of Incorporation issued by CAC) - Document issued by Federal Inland Revenue Service (FIRS)
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Particulars of persons who are First Directors of the company (Form CAC 7)
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A signed list confirming all Shareholders, with 5% or more effective shareholding, in the business. For each appropriate natural person, the list must include:
- The full name(s)
- The percentage of shareholding, and
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Contact particulars (phone number or email address).
In addition, kindly note the following:
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If any of the abovementioned shareholders is not a natural person, the ownership of that shareholder must be disclosed to identify all natural persons with 5% or more effective ownership or control of the business.
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The list must be signed and dated by a minimum of two directors (except in the case of a sole directorship, signed by the sole director) or confirmed in the form of a validly issued share certificate(s) along with the most recent share register.
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A signed list confirming all of the business’s Directors, Authorised Official(s), and Senior Management personnel, eg. Chief Executive Officer, etc. For each appropriate person, the list must include: i) full name(s), ii) identity Number or date of birth, and iii) contact particulars (phone number or email address).
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A clear, colour copy of the official government-issued identity document of every Director, Authorised Official, Senior Manager, and Shareholder (natural person) with 5% or more effective ownership or control of the business.
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A proof of address for every Director, Authorised Official, Senior Manager, and Shareholder with 5% or more effective ownership or control of the business. The proof of address must be in their own name and not more than three months old.
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Most recent 3 months' bank-issued statements of account clearly showing the business's name, address and date of issue of the documents.
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Proof of address - If the business’s address is not displayed on the provided bank statements, kindly submit an alternative proof of address issued to the business.
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Source of Funds document - If the business’s source of funds does not reflect on the provided bank statements, please provide appropriate supporting documentation reflecting the funds to be used within the Luno Business account.
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The most recent audited financial statements issued to the business, if available.
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Evidence of registration with the Special Controls Unit on Money Laundering (SCUML) where applicable.
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A resolution signed by the Director(s) naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:
- It must be signed and dated by all directors;
- It must state that it is a directors’ resolution;
- It must contain the business’s full name and registration number;
- It must reflect the full name and ID number or date of Birth of the Authorised Official(s); and,
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It must clearly state the specific authority delegated to the Authorised Official(s).
The resolution must also contain the following provision:
“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”
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Certificate of Registration.
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Partnership deed.
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A signed list confirming all Partners to the Partnership and the Authorised Official(s). For each person, the list must include:
- The full name(s),
- ID number or date of birth,
- Confirmation of residential address, and
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Contact particulars (phone number or email address).
Please note: The list must be signed and dated by a minimum of two Partners.
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A clear, colour copy of the official government-issued identity document of every Partner and Authorised Official.
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Proof of Tax Identification Number (if not evidenced on Certificate of Registration issued by CAC).
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Most recent 3 months' bank-issued statements of account clearly showing the partnership’s name, address and date of issue of the documents;
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If the partnership’s address is not displayed on the provided bank statements, please submit an alternative proof of address issued to the business. Kindly ensure that this contains a physical address, is addressed to the partnership, and is not older than 3 months.
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Business Source of funds - If the business’s source of funds, as confirmed within point 1 above, does not reflect on the provided bank statements, please provide appropriate supporting documentation reflecting the funds to be used within the Luno Business account e.g. a document issued by Federal Inland Revenue Service (FIRS).
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Formal Confirmation of Authority, naming an individual person(s) and giving said person(s) authority to act on behalf of the partnership and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:
- It must be signed and dated by all partners;
- It must state that it is a partners’ mandate or confirmation of authority;
- It must contain the partnership’s full name;
- It must reflect the full name and ID number or date of birth of the Authorised Official(s); and,
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It must clearly state the specific authority delegated to the Authorised Official(s).
The confirmation must also contain the following provision:
“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”
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Certificate of Registration.
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Documentation issued by the Federal Inland Revenue Service reflecting the entity’s Income Tax Number, if not evidenced on the Certificate of Registration.
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A clear, colour copy of the official government-issued identity document of the Sole Proprietor and any other Authorised Official.
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A signed list containing the i) full name, ii) confirmation of residential address, and iii) contact particulars (phone number or email address) of the Sole Proprietor and Authorised Person(s).
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Most recent 3 months' bank-issued statements of account clearly showing the business's name, address and date of issue of the documents.
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Proof of address - If the business’s address is not displayed on the provided bank statements and/or if the operating address differs from the registered address, please submit an alternative proof of address issued to the business. Kindly ensure that this contains a physical address, is addressed to the business, and is not older than 3 months.
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Source of Funds - If the business’s source of funds does not reflect on the provided bank statements, please provide appropriate supporting documentation reflecting the funds to be used within the Luno Business account.
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A signed declaration confirming all persons provided with authority to open, access and operate the Luno Business account on behalf of the sole proprietor (the “Authorised Person”).
The declaration must include the following provision:
“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories."
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A copy of the Trust Deed signed/executed before a solicitor or court confirming that the trust has been registered;
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A signed list confirming all relevant, related, parties to the Trust, including: the Settlor, Trustees, Beneficiaries, and Authorised Official(s). Kindly note the following:
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The document must state that it’s a reflection of the related parties to the Trust (full name and reg number to be included);
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It must contain the i) full name, ii) identity number or date of birth, iii) contact particulars (email address or phone number), and iv) confirmation of residential address for all of the listed persons;
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Most recent 3 months' bank-issued statements of account clearly showing the Trust’s name and the date of issue of the documents.
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Source of Funds - If the Trust’s source of funds does not reflect on the provided bank statements, please provide appropriate supporting documentation reflecting the funds to be used within the Luno Business account.
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A clear, colour copy of the official government-issued identity document for the Settlor, Trustees, Beneficiaries, and Authorised Official(s).
Where one of the persons mentioned above is a company we would require:
- Certificate of Incorporation issued by the Corporate Affairs Commission (CAC);
- A list of all shareholders and their respective shareholding, indicated by percentage (%);
- ID and proof of address of every shareholder with significant control, i.e. natural person with 5% or more effective ownership; and,
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Confirmation of residential address and contact particulars of every shareholder with significant control, i.e. natural person with 5% or more effective ownership;
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A resolution signed by the trustees naming an individual person(s), and giving said person(s) authority to act on behalf of the trust and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:
- It must be signed and dated by all trustees (sole trustees need only provide written confirmation that they are the only person authorised to act on behalf of the Trust);
- It must state that it is a trustees’ resolution;
- It must contain the Trust’s full name and registration number;
- It must reflect the full name, ID number or date of birth of the Authorised Official(s); and,
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It must clearly state the specific authority delegated to the Authorised Official(s).
The resolution must also contain the following provision:
“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories."
France
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Certificate of Incorporation/Registration.
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Proof of Income Tax Number.
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Most recent 3 months bank-issued statements of account clearly showing the business's name, address, and date of issue of the documents.
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Proof of Address - If the address of your business’s head office is not displayed on the provided bank statements, please submit an alternative proof of address issued to the business. Kindly ensure that this contains the head office’s physical address, is addressed to the business and is not older than 3 months.
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A clear, colour copy of the official government-issued identity document of every director, senior manager, authorised official, the chairman of the board, and all shareholders with 10% or more effective ownership or control of the business.
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Proof of residential address for every director, senior manager, authorised official, and shareholder with 10% or more effective ownership or control of the business.
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Confirmation of contact particulars (contact number and/or email address) for every director, senior management, authorised official, and shareholder with 10% or more effective ownership or control of the business.
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A signed list confirming all shareholders and their respective shareholding, indicated by percentage (%), in the business. Kindly note the following:
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If any of the abovementioned shareholders is not a natural person, the ownership of that shareholder must be disclosed to identify all natural persons with significant control, i.e. natural persons with 10% or more effective ownership or control of the business.
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The list must be signed by a minimum of two directors (except in the case of a sole directorship, signed by the sole director) or confirmed in the form of a validly issued share certificate(s) along with the most recent share register.
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A signed list confirming the Senior Management personnel of the business, eg. Chief Executive Officer, etc. For each person, the list must include the i) full name and ii) ID number or date of birth.
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A resolution signed by the directors naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:
- It must be signed and dated by all directors;
- It must state that it is a directors’ resolution;
- It must contain the business’s full name and registration number;
- It must have the full name and ID number of the Authorised Official(s); and,
-
It must clearly state the specific authority delegated to the Authorised Official(s).
The resolution must also contain the following provision:
“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”
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An executed partnership agreement, signed by all partners.
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Certificate of incorporation and/or Articles of association.
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Most recent 3 months' bank-issued statements of account clearly showing the name of the partnership, address and date of issue of the documents.
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Proof of business address - If the partnership’s address is not displayed on the provided bank statements, kindly submit an alternative proof of address issued to the business. Kindly ensure that this contains a physical address, is addressed to the partnership, and is not older than 3 months.
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A clear, colour copy of the official government-issued identity document of every partner, executive controller (if any) and authorised official.
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A proof of residential address of every partner, executive controller (if any) and authorised official. The proof of address must be in their own name and not more than three months old.
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A resolution signed by the partners naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:
- It must be signed and dated by all partners;
- It must state that it is a partners’ resolution;
- It must contain the partnership’s full name;
- It must have the full name and ID number of the Authorised Official(s); and,
-
It must clearly state the specific authority delegated to the Authorised Official(s).
The resolution must also contain the following provision:
“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”
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A certified copy of the trust deed or founding document.
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A certified copy of the authorisation, for each trustee to act in that capacity or an official document which reflects these particulars issued in a country where the trust was created.
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A signed list confirming all existing beneficiaries with a vested interest in the Trust. Kindly note the following:
-
The document must state that it’s a reflection of the beneficiaries of the Trust (full name and reg number to be included).
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It must contain the full name and Identity number for all of the listed persons.
-
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A clear, colour copy of the official government-issued identity document, or certificate of information (if relevant), for the trustees, beneficiaries, settlor, protector (if applicable), and authorised official(s).
Where one of the persons mentioned above is a company we would require:
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Certificate of Incorporation or other such certificates issued by the relevant authority;
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A list of all shareholders and their respective shareholding, indicated by percentage (%); and,
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A colour copy of ID and proof of address of every shareholder with significant control, i.e. natural person with 10% or more effective ownership.
-
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Proof of residential address for the trustees, beneficiaries, settlors, protectors (if applicable), and authorised official(s). The proof of address must be in their own name and not more than three months old.
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Most recent 3 months bank-issued statements of account clearly showing the trust’s name, address and date of issue of the documents.
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A resolution signed by the trustees naming an individual person(s), and giving said person(s) authority to act on behalf of the trust and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:
- It must be signed and dated by all trustees (sole trustees need only provide written confirmation that they are the only person authorised to act on behalf of the Trust);
- It must state that it is a trustees’ resolution;
- It must contain the Trust’s full name and registration number;
- It must have the full name and ID number of the Authorised Official(s); and,
-
It must clearly state the specific authority delegated to the Authorised Official(s).
The resolution must also contain the following provision:
“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”
Australia
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Most recent proof of full legal name, registration number / Australian Company Number (ACN), legal form, registered address and constitution (e.g. certificate of incorporation (ASIC records issued within last six months), Companies Registry records, etc.)
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Proof of trading name, if different from the registered name.
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Most recent 3 months bank-issued statements of account clearly showing the business's name, address and date of issue of the documents.
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If the business’s address is not displayed on the provided bank statements and/or if the operating address differs to the registered address, please submit an alternative proof of address issued to the business. Kindly ensure that this contains a physical address, is addressed to the business, and is not older than 3 months.
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Bank-issued statement of account clearly showing the business's name, address, and date of issue of the document, not older than three months.
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Confirmation of Australian Business Number (ABN) and/or any professional registration/licensing numbers.
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A clear, colour copy of the official government-issued identity document of every director, authorised official, and shareholder with significant control, i.e. natural person with 25%* or more effective ownership or control of the business.
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Confirmation of residential address for every director, senior manager, authorised official, and shareholder with 25%* or more effective ownership or control of the business. A list detailing the residential address (i.e. not postal address) of every director, authorised official, and shareholder with significant control.
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Confirmation of contact particulars (contact number and/or email address) for every director, senior manager, authorised official, and shareholder with 25%* or more effective ownership or control of the business.
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A list of all shareholders and their respective shareholding, indicated by percentage (%), in the business. Kindly note the following:
-
If any of the abovementioned shareholders is not a natural person, the ownership of that shareholder must be disclosed to identify all natural persons with significant control, i.e. natural persons with 25%* or more effective ownership or control of the business; and,
-
The list must be signed by a minimum of two directors (except in the case of a sole directorship) or confirmed in the form of a validly issued share certificate(s).
-
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A signed list confirming the Senior Management of the business, eg. Chief Executive Officer, etc. Please confirm the full name, identification number and designation for each member of Senior Management.
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If the business by its nature poses a higher money laundering or terrorist financing risk, please submit the company AML Policies and Procedures document signed by the company’s Compliance Officer/Money Laundering Reporting Officer (MLRO).
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If the business, by its nature, requires a license to operate, please submit the necessary license(s).
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A resolution signed by the directors naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)).**
Kindly note that the resolution should adhere to the following requirements:
- It must be signed and dated by all directors;
- It must state that it is a directors’ resolution;
- It must contain the business’s full name and registration number;
- It must have the full name and ID number of the Authorised Official(s); and,
-
It must clearly state the specific authority delegated to the Authorised Official(s).
The resolution must also contain the following provision:
“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”
*Depending on the findings of our initial review, we may request documentation for all persons holding 10% or more, instead of 25%.
**Sole directors need only provide written confirmation that they are the only person authorised to act on behalf of the company.
Indonesia
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Deed of the establishment of the company and its amendments.
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Ratification decision from the Indonesian Ministry of Law and Human Rights (MOLHR).
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Formal document reflecting the Business Identification Number (NIM), if not displayed on the documents requested above.
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Electronic System Operators (PSE) License and/or other relevant license, if any.
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Structure of ownership of the entity.
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Structure of management.
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Taxpayer Identification Number (NPWP) Document.
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Latest 6 months of bank-issued statements of account clearly showing the business's name, address, and date of issue of the document.
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A clear, colour copy of the official government-issued identity document of authorised officials and shareholders with significant control, i.e. natural persons with 25% or more effective ownership or control of the business.
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A clear, colour copy of the Tax Identification Document of shareholders with significant control, i.e. natural persons with 25% or more effective ownership or control of the business.
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Kindly provide the following information with regards to the shareholder(s) with significant control:
- Full Name
- ID Number
- Residential Address
- Place and Date of Birth
- Occupation
- Gender
- Marital Status
- Citizenship
- Phone Number
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Current Title
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Kindly provide the following information with regards to the authorised person(s):
- Full Name
- Residential Address
- Place and Date of Birth
- Occupation
- Gender
- Marital Status
- Citizenship
- Phone Number
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Current Title
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A resolution signed by the directors naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:
- It must be signed and dated by all directors;
- It must state that it is a directors’ resolution;
- It must contain the business’s full name and registration number;
- It must have the full name and ID number of the Authorised Official(s); and,
-
It must clearly state the specific authority delegated to the Authorised Official(s).
The resolution must also contain the following provision:
“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories."
United Kingdom
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Certificate of Incorporation/Registration.
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Proof of trading name, if different from the registered name.
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Most recent 3 months bank-issued statements of account clearly showing the business's name, address, and date of issue of the documents.
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If the business’s address is not displayed on the provided bank statements, please submit an alternative proof of address issued to the business. Kindly ensure that this contains a physical address, is addressed to the business and is not older than 3 months. Read more about acceptable proof of address documents here.
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Source of Funds - If the business’s source of funds does not reflect on the provided bank statements, please provide appropriate supporting documentation reflecting the funds to be used within the Luno Business account.
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Signed Shareholder agreement/pact.
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Document issued by Taxation authority reflecting the Income Tax number.
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A clear, colour copy of the official government-issued identity document of every Director, Authorised Official, and Shareholder with 10% or more effective ownership or control of the business.
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Proof of address for every director, authorised official, and shareholder with 10% or more effective ownership or control of the business. The proof of address must be in their own name and not more than three months old.
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A signed list confirming all shareholders and their respective shareholding, indicated by percentage (%), in the business. Kindly note the following:
-
If any of the abovementioned shareholders is not a natural person, the ownership of that shareholder must be disclosed to identify all natural persons with significant control, i.e. natural persons with 10% or more effective ownership or control of the business.
-
The list must be signed by a minimum of two directors (except in the case of a sole directorship, signed by the sole director) or confirmed in the form of a validly issued share certificate(s) along with the most recent share register.
-
-
A resolution signed by the Directors naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:
- It must be signed and dated by all directors;
- It must state that it is a directors’ resolution;
- It must contain the business’s full name and registration number;
- It must have the full name and ID number of the Authorised Official(s); and,
-
It must clearly state the specific authority delegated to the Authorised Official(s).
The resolution must also contain the following provision:
“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”
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A formal, executed Partnership Agreement signed by all partners.
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Proof of trading name, if different to the registration name (website or letterhead with logo).
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Most recent 3 months' bank-issued statements of account clearly showing the name of the partnership, address and date of issue of the documents.
-
If the partnership’s address is not displayed on the provided bank statements, please submit an alternative proof of address issued to the business. Kindly ensure that this contains a physical address, is addressed to the partnership, and is not older than 3 months.
-
Source of funds - If the partnership’s source of funds does not reflect on the provided bank statements, please provide appropriate supporting documentation reflecting the funds to be used within the Luno Business account.
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A signed list confirming all Partners, Executive Controllers (if applicable), and Authorised Official(s). For each person, the list must include:
- The full name(s),
- ID number or date of birth, and
- Contact particulars (phone number or email address).
Please note: The list must be signed and dated by a minimum of two Partners.
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A clear, colour copy of the official government-issued identity document of every partner, executive controller (if any) and authorised official. Read more about acceptable identity documents here.
-
A proof of address of every partner, executive controller (if any), and authorised official(s). The proof of address must be in their own name and not more than three months old.
-
A resolution signed by the partners naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:
- It must be signed and dated by all partners;
- It must state that it is a partners’ resolution;
- It must contain the partnership’s full name;
- It must have the full name and ID number of the Authorised Official(s); and,
-
It must clearly state the specific authority delegated to the Authorised Official(s).
The resolution must also contain the following provision:
“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”
-
A certified copy of the trust deed or founding document.
-
A certified copy of the authorisation, for each trustee to act in that capacity or an official document which reflects these particulars issued in a country where the trust was created.
-
Kindly provide us with a signed list confirming all existing beneficiaries with a vested interest in the Trust. Kindly note the following:
-
The document must state that it’s a reflection of the beneficiaries of the Trust (full name and reg number to be included).
-
It must contain the full name and Identity number of all of the listed persons.
-
-
A clear, colour copy of the official government-issued identity document, or certificate of information (if relevant), for the trustees, beneficiaries, settlor, protector (if applicable), and authorised official(s).
Where one of the persons mentioned above is a company we would require:
-
Certificate of Incorporation or other such certificates issued by the relevant authority;
-
A list of all shareholders and their respective shareholding, indicated by percentage (%); and
-
A colour copy of ID and proof of address of every shareholder with significant control, i.e. natural person with 10% or more effective ownership;
-
-
Proof of residential address for the trustees, beneficiaries, settlors, protectors (if applicable), and authorised official(s). The proof of address must be in their own name and not more than three months old.
-
Most recent 3 months bank-issued statements of account clearly showing the trust’s name, address and date of issue of the documents.
-
A resolution signed by the trustees naming an individual person(s), and giving said person(s) authority to act on behalf of the trust and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:
- It must be signed and dated by all trustees (sole trustees need only provide written confirmation that they are the only person authorised to act on behalf of the Trust);
- It must state that it is a trustees’ resolution;
- It must contain the Trust’s full name and registration number;
- It must have the full name and ID number of the Authorised Official(s); and,
-
It must clearly state the specific authority delegated to the Authorised Official(s).
The resolution must also contain the following provision:
“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”