Documents Required from Applicants
L1 Verification:
- Country of company registration
- Company name
- Business license registration number
- Registration date
- Company address information
- Board resolution
- Corporate directors and account user information (name, ID number)
L2 Verification:
- Articles of Incorporation and Bylaws
- Company registration certificate
- Shareholder registry copy (list of all current and former shareholders)
- Copy of directors registry (list of directors elected by shareholders)
- Identity documents (passport only) for all directors, authorized agents, individuals involved in company management or direction, or any person with over 25% ultimate beneficial interest
- Shareholding structure (organizational chart showing all ultimate beneficiaries)
- Screenshot of company registration information from government website (need to include verification date)
L1 and L2 verifications grant similar levels of access, but L2-verified accounts qualify for priority processing for deposits and withdrawals.
Please note that corporate and personal accounts have the same permissions and limitations, and both are subject to the same KYC procedures.
Review usually takes about three business days. If you agree, please sign “I agree to the affidavit” and send the verification documents to service@lbank.com.
Affidavit
In submitting and returning the above information/documents, I/we, on behalf of the applying company, fully understand and acknowledge the following:
I/we have full authority on behalf of the applying company to open a business account with LBank and to agree to the relevant terms and conditions.
I/we have read, understood, and agreed to all terms and conditions applicable at LBank, including the Service Agreement and Privacy Policy.
The information provided in the business account application is based on my/our truthful and complete knowledge.
A. Anti-Money Laundering. I/we and our affiliates comply with all requirements for the maintenance and reporting of financial records under applicable laws in all respects when conducting business. Relevant regulations include those from the Monetary Authority of Singapore, the US Bank Secrecy Act, the USA PATRIOT Act, the 1970 Currency and Foreign Transactions Reporting Act (as amended), and all applicable anti-money laundering laws, rules, and regulations in the jurisdictions where we operate, including related or similar rules, regulations, and guidelines enacted or enforced by administrative agencies (collectively referred to as "Anti-Money Laundering Laws").
Additionally, with respect to Anti-Money Laundering Laws, there are no ongoing investigations, legal actions, litigation, or procedures involving our company, nor are we aware of any such warnings.
(i) The funds I/we send to LBank (whether fiat currency or cryptocurrency) are not derived from money laundering or similar illegal activities under federal law.
(ii) The funds I/we send to LBank (whether fiat or cryptocurrency) will not cause LBank or its employees to violate any Anti-Money Laundering Laws.
(iii) If requested by LBank, I/we will provide all additional information and understand that LBank may disclose confidential information about me/us or, if applicable, our beneficial owners or affiliates to regulatory authorities and law enforcement agencies in the United States and other countries, as necessary to ensure compliance with applicable Anti-Money Laundering Laws.
(iv) Unless otherwise disclosed in writing to LBank, I/we confirm that neither I/we nor any individual or entity under our control, or any agent or nominee acting on our behalf in connection with platform transactions, is:
(1) A foreign senior political figure or their close relatives (including parents, siblings, spouses, children, in-laws, or other close relations), or located in a jurisdiction designated as non-cooperative by intergovernmental groups such as the Financial Action Task Force (FATF) with whom the United States agrees on non-cooperative status.
(2) Located in a jurisdiction designated under Section 311 or 312 of the USA PATRIOT Act by the US Treasury Secretary as a special measure, or is an individual or entity authorized under the laws of such jurisdiction.
(3) A person or entity involved in foreign shell banks or accounts under the jurisdiction of a non-cooperative country, or having funds originating from such entities.
(v) If I/we are acting as an agent, representative, intermediary/nominee, or in any other special capacity, upon request from LBank, I/we will provide a copy of our Anti-Money Laundering (AML) policy. I/we confirm that the AML policy has been reviewed and approved by a reasonably informed lawyer or compliance officer, and that we have not received any negative notices or reports regarding compliance from accountants, internal auditors, or others responsible for reviewing our AML policy.
B. OFAC Rules. Neither I/we, nor our affiliated companies, nor any of their directors, officers, or employees, nor, to the best of my/our knowledge, their agents, affiliates, or representatives, are owned 50% or more, or controlled by one or more individuals or entities (collectively referred to as "Sanctioned Persons") that are: (i) subject to sanctions administered or enforced by the United States government (including but not limited to the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) or the U.S. Department of State, including but not limited to designation as a “Specially Designated National” or “Blocked Person”), the United Nations Security Council (“UNSC”), the European Union, Her Majesty’s Treasury (“HMT”) of the United Kingdom, or other relevant sanctioning authorities (collectively referred to as “Sanctions”), including being listed on a designation list associated with any Sanctions; or (ii) located, organized, or resident in countries, regions, or territories subject to Sanctions (as of the date of this document, including but not limited to Cuba, Iran, North Korea, Syria, and Crimea, collectively referred to as “Sanctioned Countries”), or are nationals, governmental entities, or agents of such countries, regions, or territories.
I/we hereby represent and warrant that at no point in time have I/we engaged, nor am/are I/we currently engaging, nor will I/we engage in the future, in any transactions involving Sanctioned Countries or regions, or in direct or indirect transactions with Sanctioned Persons.
I/we will notify LBank within 7 days of any changes to the information provided.
I/we fully understand and agree with the contents of this affidavit.
LBank Community
For any assistance, please contact us at our official email service@lbank.com. We are dedicated to providing quality, professional and prompt support.
Disclaimer: Digital assets are subject to high market risks and price volatility. The value of your investments may fluctuate, and could even lead to a loss of principal. You are solely responsible for your investment decisions, and LBank is not liable for any losses you may incur. You should invest only in products you are familiar with and understand the risks involved. You should carefully consider your investment experience, financial status, investment objectives, and risk tolerance, and consult an independent financial advisor before any investment. Past performance is not a reliable indicator of future performance. Content on the LBank platform does not include advice or recommendations, and should not be construed as financial advice.
LBank reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
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