Highlights of identification

Required Identification documentation for natural persons

Required Identification documents for legal entities

Required Identification documentation for natural persons

If you wish to open a personal account with the Bank it is important to provide our representative with the undermentioned documents:

1. An (original and valid ) identification document:

Identification Card;
Driver’s License; or a
Passport.

Note: For non- residents we only accept a valid passport.

2. A recent (original and valid ) address verification document:

An address verification document is a (recent) document that can be used to confirm the address that one is currently residing at. Such documents are for example:

Utility bill;
Tax assessment;
Bank statement;
Excerpt of the Civil Registry.

The aforementioned information should be included when completing the new Account Application Form. Other important information that the Bank will request prior to establishing a relationship:

3. The Source of Funds that are expected to be deposited into the account.

4. In some instances, the Source of Wealth ofthe Applicant will also have to be established.

5. The Transaction Profile Report, indicating the purpose of the account and how many (incoming and outgoing) transactions willoccur on the account.

Required Identification documents for legal entities

If you wish to commence a business relationship it is important to provide the following documents to our representative in order to start the process of opening a business account:

1. Original extract of the Chamber of Commerce (not older than 6 months);

2. Articles of Incorporation;

3. Shareholders’ Register;

4. Permit to establish a business or the application thereto; and

5. (Certified) Identification of the beneficial owners, signatories, supervisory directors and managing directors. Additionally, we will request general information about your business operations via the Business Account Application form. The Bank will also request:

6. An address verification document for the signatories, ultimate beneficial owners and managing directors of an account.

Furthermore, the Bank will request information on:

7. The expected transaction behavior on the account. The aforementioned information should be included when completing the Business Account and Services Application form.

Non-resident customers must provide the requested certified copy of the identification document (Passport), if not present at the Bank. The certification can be done by a Notary Public, Consulate or Embassy. Other important information that the Bank will request prior to establishing a relationship:

8. The Source of Funds that are expected to be deposited in the account.

9. In some instances, the Source of Wealth will also have to be established.

Please note that our representative may request additional documents.

Reporting of unusual transactions The law requires Banks among others, to report all “unusual transactions” to the Financial Intelligence Unit Curacao. Banks are required to report executed as well as intended transactions, if these qualify as “unusual transactions”.

Our law makes a distinction between unusual transactions or ‘UTRs’ that are reported based onSubjective and Objective indicators.