What documents will I need to provide during onboarding?

To ensure a smooth and efficient onboarding process, TrueLayer generally requires a set of key documents to fulfill our regulatory and internal requirements. During onboarding, you will typically need to provide:

• Shareholding documents: To understand your company's ownership structure.
• Business bank statements: To verify financial activity and evidence settlement instructions.
• A flow of funds diagram/explanation: To illustrate how funds will move through your TrueLayer integration.
• Evidence of directors: Documentation confirming the individuals holding director positions.
• Your AML Policy/Audit: For AML obliged entities to demonstrate your commitment to combating financial crime.
• Miscellaneous policies depending on the specific industry. 

Additionally, depending on your entity's structure and risk profile, supplementary documents may be required, such as:

• Beneficial ownership details: For shareholders with over 10% holding.
• Evidence of Source of Wealth (SoW)/Source of Funds (SoF): To verify the legitimate origin of financial resources.
• Internal/external audits: To provide further assurance on your financial and operational controls.

Your Account Executive (AE) will guide you through the specific requirements for your application.