Compliance KYB Requirements
Busha verifies all customers to meet regulatory requirements.
The documents required depend on your business structure and the verification tier you're applying for.
Tier 1: Basic Business Verification
To get started, all businesses are required to provide the following:
Business Type: Sole Proprietorship
Certificate of Incorporation
Corporate Registry Extract/status report
Proof of address of the business and proprietor(s) (dated within three months)
ID of proprietor(s)
Board resolution to open an account with Busha
Bank statement (dated within three months)
Business Type: Limited Liability Company
Incorporation Certificate
Status report
Memorandum and Articles of Association
Proof of address of the business, its directors, and shareholders (dated within three months)
IDs of directors and shareholders
Board resolution to open an account with Busha
Bank statement (dated within three months)
Tier 2: Full Verification (Limited Liability Companies only)
For unlimited transaction limits, Limited Liability Companies are required to provide the following in addition to Tier 1 documents:
Structure chart
AML policy
Licence where applicable
All documents must be submitted in PDF, JPG, JPEG, or PNG format, with a maximum file size of 4MB per document. Submitted documents must be official, current, and not expired.