Necessary documents in order a transaction to be successfully processed:

 

Clearing account (B2C/C2B):

 

Ø  Incoming:

 

Incoming payments: are allowed from Businesses and Individuals.

 

 

< 10 000 Euros accumulated, please collect the KYC (OBLIGATORY) on your side and in some cases, we might ask for SOF.

 

>10 000 Euros accumulated / till now/ with us – KYC and SOF.

 

 

Ø  Outgoing:

 

Outgoing payments: are allowed for Individuals and for Businesses.

 

Sending money to Businesses:

< 10 000 Euros accumulated / till now/ with us – invoice and agreement / signature field- shall be signed

> 10 000 Euros accumulated / till now/ with us -  invoice and agreement / signature field - shall be signed

 

Sending money to Individuals:

KYC for the individual together with the Agreement between the company and the individual.

For example: Client Trading Agreement for the Agreement and Passport and electricity bill for the KYC.

 

Settlement accounts (B2B)

 

Ø  Incoming:

contract / signed by both parties/ and invoice with full details

the Financial report/ Annual report could be requested if necessary, for more convincing purposes

 

Ø  Outgoing:

 

contract / signed by both parties/ and invoice with full details

 

the Financial report/ Annual report could be requested if necessary, for more convincing purposes

 

 

Important: Settlement account is only B2B

 

Note: Payments from Orounda Settlement accounts to Individuals / SEPA OUT/ could be done only for EU companies and individuals and only if this is a salary payment.

Each case can be unique as such it can be a case by case basis.

This is only a guiding process and it can update if necessary.

 

SOF - a document or a proof to show how the client generated his money:

 

1-            LinkedIn Profile or Bloomberg link.

2-            Bank account details / statement for last 3 months/

3-            Stock Exchange account statement.

4-            Trading account / or Crypto currency trading account.

5-            Proof of selling house or inherited property selling.

6-            Gifts / Heritage

7-            Salary mentioned in the bank statement.

8-            Verifiable Saving account.

 

If there is a field of signature in the document / invoice, contract/, it should be signed, not empty!

 

KYC:  Know your Client

Proof of ID:

-          Passport

-          ID Card

-          Driving License

-          Residency Card

 

Proof of Address:

-          Utility Bill for a service that proves the location of living such as:

o   Electricity Company / Gas

o   Water

o   Stationary TV Cables / Internet

o   Stationary Phone (Landline).

-          Rental Agreement

-          Payslip

-          Government document showing the address

-          Life insurance showing the address

-          Tax document /report showing the address

Proof of Address shall be on the name of the Proof of ID holder, and it shall be within the range of 3 months.

Proof of ID shall be Valid.