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Information for the prevention of money laundering (simple version for legal entity)

Designed for Compliance and Legal

Created by Alex Romera on Parallel

Example of question you will find in this template.

This template includes

  • 26 question fields
  • Conditional fields
  • Possibility to enable eSignature
  • Personalized message

About this template

Are you tired of chasing new customers who have to go through the Money Laundering Prevention process? With this Parallel template you can automate the process of obtaining information and documents to comply with know your customer or KYC process.

This checklist includes some basic aspects of identification (KYC, know your customer) and due diligence in the process provided for in Law 10/2010. of 28 April, on the prevention of money laundering and terrorist financing, such as, for example:

  • formal identification

  • economic activity and information,

  • beneficial owners,

  • relationships with persons with public responsibility.

It provides with the requirements needed when entering into a business relationship (i.e. identify and verify the identity of clients, monitor transactions and report suspicious transactions).

The information provided on the form must be adapted to the internal processes of each organization and, in accordance with the regulations, must be signed by an authorized person. You can include a valid electronic signature in the process using Parallel's electronic signature integration.

You can create a public link to facilitate your customers' access to the process and leave it on your company's website, for example, without having to rely solely on email.

Parallel users who are already using it for their KYC processes have been able to gather all the information they need in a matter of days, making the process risk-free and frictionless.

Information list

    A. Formal identification

    1. Company name

    2. Registered office

    3. Director(s)

    4. Tax identification number

    B. Economic activity and information

    5. Description of the entity's economic activity

    6. Special activities

    7. How is your company going to pay for our services?

    8. From which country will you make the payment?

    C. Ultimate beneficial owners (UBO)

    9. Does the entity have any ultimate beneficial owner?

    10. Ultimate beneficial owners

    11. Identification document of the beneficial owners

    12. Diagram of the company's structure

    13. Is the entity or its legal representatives involved in any criminal prosecution?

    14. Does the entity or any person connected to the entity have a direct or indirect connection to any high-risk state or jurisdiction?

    D. Identification of the legal representative

    15. Name

    16. Surname

    17. ID

    18. Adress

    19. Are you a PPR?

    20. Are you close to someone who is considered a PPR?

    21. If you answered yes to any of the above, please indicate by whom and in what position.

    22. Indicate your position and the powers you have over the entity.

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