ACCOUNT OPENING INSTRUCTIONS
Capital Security Bank Limited ‘CSB’ is pleased to provide you with the following account opening instructions for the common account types we work with. Should you wish to open an account for an entity outside of the below listed please contact our banking team on newaccounts@capitalsecuritybank.com for a list of the required documents. Account application forms are available upon request and all other CSB account forms can be located at www.capitalsecuritybank.com/helpful-forms
Trust
1
Entity Application Form completed for the trust
2
FATCA Tax Declaration completed by each beneficial owner*
3
CRS Entity Tax Residency Certification completed for trust
4
CRS Controlling Person Tax Residency Certification completed by each controlling person (If Applicable)
5
Certified** copy of the trust agreement
6
Certified** copy of a passport and utility bill (less than 6-month-old evidencing current residence) of each trustee, beneficial owner*, controlling person/s if applicable and account signatories
7
Detailed Curriculum vitae or CSB personal biography template completed for each beneficial owner*, trustee and controlling person/s if applicable
Corporation, Limited Liability
1
Entity Application Form completed for the company
Company, International Business
2
FATCA Tax Declaration completed by each beneficial owner*
Company
3
CRS Entity Tax Residency Certification completed for the company
4
CRS Controlling Person Tax Residency Certification completed by each controlling person (If Applicable)
5
Certified** copy of the Articles and Certificate of Incorporation or Formation
6
Certified** copy of the Bylaws or Memorandum of Incorporation or Operating Agreement
7
Certified** copy of the Certificate of Good Standing (not necessary if Articles or Certificate are less than 1-year-old)
8
Certified** Register of Directors/Manager and Shareholders* (or equivalent)
9
Copy of Director’s/Manager’s resolution or another constitutive document authorizing the opening of a bank account
10 Certified** copy of a passport and utility bill (less than 6 months old evidencing current residence) of each director/manager, significant shareholder/member*, beneficial owner* controlling person/s if applicable and account signatories 11 Detailed Curriculum vitae or CSB personal biography template completed for each director/manager, beneficial owner* controlling person/s if applicable
CAPITAL SECURITY BANK LIMITED 1
Partnership or Limited Partnership
1
Entity Application Form completed for the partnership
2
FATCA Tax Declaration completed by each partner*
3
CRS Entity Tax Residency Certification completed for the company
4
CRS Controlling Person Tax Residency Certification completed for each controlling person (If Applicable)
5
Certified** copy of Certificate of Incorporation or Formation
6
Certified** copy of the partnership agreement
7
Certified** Register of Partners (or equivalent)
8
Certified** copy of the Certificate of Good Standing (not necessary if Articles or Certificate are less than 1-year-old)
9
Copy of competent resolution or other constitutive document authorizing the opening of a bank account
10 Certified** copy of a passport and utility bill (less than 6 months old evidencing current residence) of each Partner*, beneficial owner* controlling person/s if applicable and account signatories 11 Detailed Curriculum vitae or CSB personal biography template completed for each Partner*, beneficial owner* controlling person/s if applicable
Individual
1
Personal Application Form completed
2
FATCA Tax Declaration completed by each account signatory
3
CRS Individual Residency Self Certification completed by each account signatory
4
Certified** copy of a passport and utility bill (less than 6 months old evidencing current residence) for each account signatory
5
Detailed Curriculum vitae or CSB personal biography template completed for each account signatory
*
A shareholder/member, Partner or beneficial owner is a person who holds 10% or more of the shares or the voting shares/rights in the
corporation. In the case of a trust the settlor is to be regarded as the beneficial owner unless the settlor is deceased or dissolved in which case the beneficial owners shall be the named or non-discretional beneficiaries of the trust who are not minors. Where there is no discernible connection between the settlor and the beneficiaries of the trust both the settlor and the named non-discretional beneficiaries shall be regarded as beneficial owners. Discretional or unnamed beneficiaries will be required to provide due diligence upon a disbursement. **
All documents must be certified in line with CSB’s certification requirements, these can be found on page three.
OTHER INFORMATION • Where an account is to be opened in the name of a trust, corporation, limited liability company, international business company, or other legal entity, the account opening documents should be completed by those persons who are authorized by the constitutive documents of that entity to complete account opening documentation. • If a passport is
not available, please submit a notarized copy of a driver’s license or other government issued photo identification
• If any trustee, settlor, director, officer, shareholder, manager, or member of any of the above entity is itself a legal entity (e.g. trust, corporation, IBC, or LLC), please submit the above requested documentation relevant to that type of entity as if it were applying for an account. • All documents must be notarized or certified in line with CSB’s certification requirements set
out on page 3 of this document
• For such period as the account holder is a resident of the Cook Islands, the account holder’s account shall be with Capital Security Bank Cook Islands Limited, and all references in this account opening documentation to “Capital Security Bank Limited” and the “Bank” shall be deemed to refer to “Capital Security Bank Cook Islands Limited.”
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WHO CAN CERTIFY DOCUMENTS A certifier of documents must be a suitable person, independent of the account, such as a lawyer, a notary public, a member of the judiciary or police, a chartered accountant or civil servant, or a Senior employee of Capital Security Bank. The certifier should sign the ID/Company document (printing their name clearly underneath) indicate their position or capacity on it together with a contact address and phone number. If documents are being scanned to Capital Security Bank, then each page will need to be signed/initialed by the certifier. See below an example of the wording on each document provided.
EXAMPLE OF REQUIRED WORDING FOR PHOTO IDENTIFICATION (Passports, Driver’s License, I.D. Cards) I certify this to be a true copy of the original, which I have sighted, and the photo represents a true likeness of [the person presenting the document to me for certification] [OR] [client’s name]. Signature: Name: Address: Contact Number: Occupation: Date:
EXAMPLE OF REQUIRED WORDING FOR NON-PHOTOGRAPHIC CERTIFICATION (Utility Bills Etc) I certify this to be a true copy of the original, which I have sighted. Signature: Name: Address: Contact Number: Occupation: Date:
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