B) Business Organizations (Partnerships, Private Limited Companies, share companies,
other)
Copy of business owner(s) and contact person(s) operating the account document.
Identification Document (Kebele, Driving License, Passport, National ID)
Phone number
Email(optional)
Copy of Renewed (valid) Business license.
Copy of Taxpayers’ Identification Number (TIN)
Nominated number (Safaricom line)
Bank account information (bank cheque/bank book)
(Bank name, branch, account name, account number)
Copy of Memorandum and Articles of Association
VAT Certificate where applicable
C) Government Organizations & Institutions
Copy of identification document of the person procuring the service
Identification Document (Kebele, Driving License, Passport, National ID)
Phone number
Email(optional)
A letter that includes the name of the organization and is duly signed with a corporate stamp or seal by the managing director or the person who is responsible for the day-to-day management of the statutory body.
Bank account information (bank book/cheque)
Copy of Taxpayers’ Identification Number (TIN); if applicable
Certificate of incorporation; if applicable
VAT Certificate applicable
Regulation registration number forming the entity.
Public enterprise/Govt owned e.g., Ethiopian airlines/banks have - Business license.
D) Not-for-profit and Non-Government (Organizations, Societies & Institutions)
Copy of identification document of the person procuring the service.
A letter that includes the name of the organization and is duly signed with a corporate stamp or seal by the managing director or the person who is responsible for the day-to-day management of the statutory body.
Bank account information (bank book/cheque)
Nominated number (Safaricom line)
Copy of Taxpayers’ Identification Number (TIN); if applicable
Certificate of incorporation; if applicable
VAT Certificate applicable
License by civil society authority CSO
Special condition business-actual business license
E) Financial Service Institutions (Banks, Micro Finance Institutions-Savings/Credit, Insurance,
Pension)
Copy of business owner(s) and contact person(s) operating the account document.
Govt recognized ID (Kebele, Driving License, Passport, National ID)
Phone number
Email(optional)
Copy of Renewed (valid) Business license
Copy of Memorandum and Articles of Association
Bank account information (bank book/cheque)
Copy of Taxpayers’ Identification Number (TIN)
AML Questionnaire
VAT Certificate
Nominated numbers, where applicable.
F) Gaming/Betting/Lottery Companies
Requirements for both Commercial entities and Businesses
Commercial Certificate
Certificate Of Competency- from National Lottery
Copy of business owner(s) and contact person(s) operating the account document
Government recognized ID (Kebele, Driving License, Passport, National ID)
Phone number
Email(optional)
Copy of identification document of the business owner(s) and contact person(s) operating the account.
Copy of Renewed (valid) Business license
Copy of Memorandum and Articles of Association
Bank account information (bank book/cheque)
Copy of Taxpayers’ Identification Number (TIN)
Valid permit for undertaking the lottery activity.
✓ AML Questionnaire
✓ Risk management framework including but not limited to risks such as operational, technology, communication, cyber security, third party, liquidity, reputational and legal
VAT Certificate; if applicable
Nominated number where applicable
International Money Transfer Organization (IMTO)
Certified Incorporation documents issued by relevant Government Agency
Company Memorandum and Articles of Association /Relevant Entity Constitution document
Forms from the company registrar showing the list of shareholders (ownership structure)
Full year Audited Financial Statements (where entity is >18 months old); OR Un-Audited Financial Statements (where entity is >12 months old but <18 months old); OR 12 months cash flow forecasts for new entities/ certified 12 months statement of account.
The full names, identity or passport number and address of the natural persons managing, controlling, or owning the entity.
Valid Copy of Identification of officer executing agreement. (Phone no & email)
A Certified Copy of the Board resolution authorizing acquisition of service/partnership. The resolution should be signed in accordance with the entity’s memorandum and articles of association.
Certified True Copies Identification Card / National Passport of Stakeholders and Authorized Signatories
Company and Owners/ Shareholders and Authorized Signatories Tax Compliance Certificate
License to provide money transfer service or proof that a license is not required.
List of Own Locations
List of corridors/countries of operation
List of Agents/3rd Parties with ownership information
Third Party Pay-out Location Information for Agents (if Applicable)
AML Compliance Manual (Policy) and procedures (KYC, Training, Screening, Monitoring, and reporting etc.)
Copy of Data protection policy
FATCA documents (for entities with US indicia)
Transactions Limits and Requirements for processing payments
Remittance process flow
KYC related to 3rd Parties Onboarding Procedures (If Applicable)
Evidence of registration with a Financial Intelligence Unit