Why do I have to provide a proof of identity document?

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As an SCB-regulated business we are required to comply with anti-money laundering (AML) rules, which includes ensuring that the person opening the account with us is who they say they are.

This process ensures that it is genuinely you who is opening the account and helps to prevent people from opening accounts fraudulently. Any documents you provide to us are held in line with GDPR and the Data Protection Act of The Bahamas requirements and are stored securely.

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