Specific Circumstances to Disclose: Difference between revisions

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Bittylicious requires its customers to disclose whether any of the following circumstances apply to them:  
You are required to disclose whether any of the following circumstances applies to you:


* the customer is a legal person who is (or in a legal arrangement with an entity that is) a vehicle for holding personal assets
* you live in a [[High-Risk Countries|high-risk country]], or you intend to trade with someone in a [[High-Risk Countries|high-risk country]]
* the customer is a company that has nominee shareholders or shares in bearer form
* you are a [[High-net worth individuals|high-net worth individual]]
* the customer is a business that is cash intensive
* you are a [[Politically Exposed Persons (PEPs)|politically exposed person (PEP)]], and/or a family member or close associate of one.
* the corporate structure of the customer is unusual or excessively complex given the nature of the company’s business
* you are intend to use the service for a transaction related to [[High-Risk Products and High-Risk Industries|high-risk products and/or a high-risk industry]]
* the customer is the beneficiary of a life insurance policy
* you intend to trade on behalf a trust (or any other legal arrangement), or as a trustee, or on behalf of any third party
* the customer is a third country national who is applying for residence rights in or citizenship of an EEA state in exchange for transfers of capital, purchase of a property, government bonds or investment in corporate entities in that EEA state
* we cannot easily or reliably verify [[ Company Ownership|who owns and/or controls your company]] (company accounts only)
* the customer intends to use the service for a transaction related to oil, arms, precious metals, tobacco products, cultural artefacts, ivory or other items related to protected species, or other items of archaeological, historical, cultural or religious significance or of rare scientific value
* your company is a vehicle for holding personal assets e.g. special purpose vehicles, investment vehicles, etc. (company accounts only)
* the customer intends to use the service for a transaction involving a high-risk country
* the customer is in unusual circumstances requiring further explanation
* the customer is resident in a high-risk country


Where any of the above may apply, customers are required to provide further information to Bittylicious on registration.
Where any of the above may apply, you are required to disclose this and to provide further information to Bittylicious on registration.

Latest revision as of 13:52, 25 March 2024

You are required to disclose whether any of the following circumstances applies to you:

Where any of the above may apply, you are required to disclose this and to provide further information to Bittylicious on registration.

Retrieved from ‘https://help.bittylicious.com/index.php?title=Specific_Circumstances_to_Disclose&oldid=1065’