1

I am trying to open a corporate account on Bitstamp, but there are so many questions to answer, is there any easy way to get approved?

How are you supposed to answer: Is your business regulated for AML? If so, what is your specific policy? Specifically, how do you perform KYC for your customers?

1 Answer 1

2

If your (UK) business is in an area where you have specific regulations to follow for anti-money laundering, and you do, you will already know the answer. (If it is not in the UK, you may have to find out if dealing with UK-registered Bitstamp means you'll have to start complying with UK law and its requirements like KYC: Know Your Customer.) Otherwise, the first answer is likely no and the follow-up questions are not applicable.

Commonly, KYC includes requiring a scan or photocopy of customer's photoid (passport or driving permit) and of a proof of address (utility bill), and checking that they are not on a list of people the UK does not allow you to do business with.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge that you have read and understand our privacy policy and code of conduct.

Not the answer you're looking for? Browse other questions tagged or ask your own question.