What is due diligence?
It is important for us to know our customers, their objectives, and their circumstances, as this enables us to provide better service and protect against potential identity theft or other misuse of the bank’s services.”
It is important for us to know our customers, their objectives, and their circumstances, as this enables us to provide better service and protect against potential identity theft or other misuse of the bank’s services.”
Please note that either a board member or an authorised signatory is required to complete the due diligence questionnaire. However, all individuals listed in the company’s questionnaire must first verify their identity.
If a company or entity does not complete such a questionnaire, the bank is not permitted to conduct business with it.
Society relies on an efficient and secure financial system, and Arion Bank, like other financial institutions, plays an important role in ensuring this.
We place strong emphasis on remaining vigilant against any form of financial crime and preventing the harmful effects such offenses can have on customers, the bank’s operations, and societ
The following conditions must apply:
The company is a public or private limited company
The company is registered in the Icelandic Register of Enterprises (RSK)
The registration of ultimate beneficial owners has been completed
The managing director, an authorised signatory, or key users may complete the questionnaire
The company’s authorized representative must complete the questionnaire.
The questionnaire can be completed in two ways, depending on whether a board has been elected or not.
The company’s authorized representative must complete the questionnaire.