Businesses

To onboard a business customer, 1Money is required to collect and verify information about your company, including its legal structure, ownership, and individuals who exercise control, in line with applicable regulatory and compliance requirements. The business onboarding process is structured around three core components:

• Basic company information – information about your legal entity, registration details, operating locations, tax profile, business activities, and intended use of the platform
• Related parties and intermediaries – details on ultimate beneficial owners, authorized representatives, individuals with significant management control, and any intermediary entities within the ownership structure
• Supporting documentation – official records and evidence used to substantiate the information provided and complete regulatory verification

This approach allows 1Money to apply appropriate due diligence based on your business structure and risk profile, while providing a clear, consistent, and transparent onboarding experience.

Enhanced Business Onboarding Requirements

Some businesses may be subject to enhanced onboarding based on their structure, jurisdiction, industry, or intended account activity. Enhanced onboarding includes all Standard Business Onboarding Requirements, plus additional information to support a more detailed compliance review.

For certain business profiles, additional information is required to complete our onboarding review and ensure the account is configured appropriately.

This may include:

• Source of Funds A more detailed explanation of how funds used on the platform are generated, such as operating revenue, investments, or customer-related flows.
• AML Questionnaire Completion of an AML questionnaire to help us understand your compliance framework and risk controls.

Supporting Evidence

Where necessary to complete the review, we may request additional supporting materials, including:

• Proof of funds or wealth such as bank statements or account summaries
• Licensing or registration documentation for businesses operating in regulated industries.
• AML policy & Procedures for businesses that are regulated industries.

Any additional requests will be clearly communicated, and guidance will be provided to ensure a smooth and efficient review process.