What is the corporate identity verification process?

 

Corporate Accounts
In line with our policy for individual customers, Betfair also has a policy of verifying corporate customers.

As the nature of the customer is very different, the requirements have been tailored to accommodate these differences. A summary of the procedure for UK and international corporate customers can be found below.


International Corporate KYC:
When it is deemed that you need to complete the client verification procedure we will ask that you send us a photocopy or scan of one document from each of the categories listed below:

1) Business identification:
- Please supply a copy of the Certificate of Incorporation.

2) Written confirmation from a solicitor/ account qualified in the jurisdiction in which the company is registered confirming:
- The company is properly constituted
- Registered name
- Registered address
- Office-holders and shareholders

3) Personal identification from at least 2 directors: (as per normal KYC procedures)
- Passport or Driving licence
- Utility bill or Bank statement (less than 3 months old)
(if your company only has one director, please provide for one director and the company secretary)

4) Complex company structures - a company structure chart must be provided

5) Personal identification (As  described above for Company Directors) in respect of all beneficial owners or principal controllers. Beneficial owners or principal controllers are those individuals who have an interest in any entity in the corporate structure of 25% or more. Beneficial owners must be natural persons, if no person has an interest of 25% or more in relevant entities then relevant identification documents must be provided for those persons with significant control of the relevant entities.

6) Dunn and Bradstreet search:
- A search for your firm will be completed by the Verification team to confirm your details

7) Proof of funds
- Company Bank statement
- Company Credit card

PLEASE NOTE:
- The documents must be clear and legible and have your username on all documents. If this is not the case processing time may be longer and may result in temporary account suspension.
- Use the highest resolution available on your fax machine (recommended resolution supported by most machines: 'Photo').
- Please send scans in JPEG or GIF file formats only with a maximum size of 10MB per page.
- For your personal security please blank out all digits except for the last four of the account and card numbers, leaving the start and expiry date visible.
- Please send documents that state your residential address. Regrettably, documents addressed to a PO Box number are unacceptable for validation.

You can send these documents via one of the following methods:
- By E-mail
kyc@betfair.com
- By Post
Verification Team
Betfair
Triq il-Kappillan Mifsud,
St. Venera,
SVR 1851,
Malta

UK Corporate KYC:
When it is deemed that you need to complete the client verification procedure we will ask that you send us a photocopy or scan of one document from each of the categories listed below:

1) Business identification:
- Please supply a copy of the Certificate of Incorporation.

2) Personal identification from at least 2 directors: (as per normal KYC procedures)
- Passport or Driving licence
- Utility bill or Bank statement (less than 3 months old)
(if your company only has one director, please provide for one director and the company secretary)

3) Complex company structures - a company structure chart must be provided.

4) Personal identification (As described above for company directors) in respect of all beneficial owners or principal controllers. Beneficial owners or principal controllers are those individuals who have an interest in any entity in the corporate structure of 25% or more. Beneficial owners must be natural persons, if no person has an interest of 25% or more in relevant entities then relevant identification documents must be provided for those persons with significant control of the relevant entities.

5) Dunn and Bradstreet search:
- A search for your firm will be completed by the Verification team to confirm your details.

6) Proof of funds (used to fund account):
- Company Bank statement
- Company Credit card

PLEASE NOTE:
- The documents must be clear and legible and have your username on all documents. If this is not the case processing time may be longer and may result in temporary account suspension.
- Use the highest resolution available on your fax machine (recommended resolution supported by most machines: 'Photo').
- Please send scans in JPEG or GIF file formats only with a maximum size of 10MB per page.
- For your personal security please blank out all digits except for the last four of the account and card numbers, leaving the start and expiry date visible.
- Please send documents that state your residential address. Regrettably, documents addressed to a PO Box number are unacceptable for validation.

You can send these documents via one of the following methods:
- By E-mail
kyc@betfair.com
- By Post
Verification Team
Betfair
Triq il-Kappillan Mifsud,
St. Venera,
SVR 1851,
Malta