Which documents are acceptable for verification?

Hi Guys,

it is nothing unusual that almost everybody request some documents for the verification process. Not a big thing and nothing unusual. But one company request now the following:

• Company Number
• Copy of Certificate of Incorporation
• Share & Directors Registry
• Copy of Passport &/Or Driving Licence of UBO

It would be understandable if they ask only for the COI like all other sites but whats wrong with them? We asked if they would agree to send the same to us and they told NO!

It is not important for the moment which company is it but they have a very bad reputation. Most probably we will finish the cooperation with them because to ask for so many confidential documents is unacceptable and as already mentioned they have a very bad reputation.

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Originally Posted by Jambo

• Company Number
• Copy of Certificate of Incorporation
• Share & Directors Registry
• Copy of Passport &/Or Driving Licence of UBO

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I'd say that was the minimum that is required nowadays.

It is interesting how you asked for the same info and was told NO I did the same with for one company who I no longer work with and got the same response.

In my opinion, the first three in your list is ok as it is public knowledge that the lazy buggers can find out anyway.

When it comes to supplying personal details of passports, home utility bills etc... that is what pisses me off.

I think the same.

1+2 is understandable.

3. not really necessary in my opion

4. It is definitely to much

If they require "company" details, then that has jack-all to do with personal data. What's next request? A video of you riding a tricycle (no hands) while holding 2 pieces of ID docs, and reciting the alphabet backwards :punch:

None, and I mean none, would ever provide affiliates with these details. I've also tried, and that request has been flatly refused.

Granted if it's a decent monthly commission, then you probably have play their BS games. If it's chump change... I'd drop them.

I fully understand the need for verification but it is get totally ridiculous and out of hand. I don't have a problem providing the information but now some programs are asking for scanned copies of passports and/or drivers licences that show all 4 corners of the passport or drivers licence. Then there are those that will only accept PDF's of some documents and not JPG's etc. Why does this matter? It is the same piece of identification with a different extension.

When it comes to providing documentation they are often demanded within a short window or there will be consequences. The attitude of some are very much take it or leave.

Hopefully one day it will be "karma"

Speaking from our perspective (sending affiliate payments), it's not us that need the docs, it's the processors, and they won't send without them.

The docs are asked for ID purposes - they want to prove that the person/company receiving the funds owns the account. Anti-money laundering and all that bs.

A lot of us come from the days of the wild west where affiliates didn't put their real name on their accounts and noone cared. Unfortunately with regulation, those times have changed.

In regards to the requested business docs - if your payment is being made in the name of a company, those are requested from the processor. If payment is being made in the name of an individual, there is no reason they would need company documents.

So just to clarify, and I can only speak for our company, we are happy to send payment without those docs, however the processors will not. So our hands are tied.

Yes it is totally understandable if someone ask for verification documents. The question here is which documents are acceptable and which not.

For a individual person: Passport Copy i can understand. Adress proof not really necessary, especially if payments are send to a verified Neteller/Skrill account. But understandable if they ask for it

For companies: Copy of Certificate of Incorporation understandable, there are all datas and also company number included. Share & Directors Registry absolutly not necessary. And for what a private passport copy if the cooperation is with a company and not an individual person?

In our case nobody of the big names asked for so many documents. And i talk about really big companies with official licenses in many different countries. But one of the most untrustworthy affiliate programs ask for so many documents where nobody ever asked before.

The main point here is also that we asked for the same documents but they refused and do not even send their COI.

Unfortunately it happens quite a lot lately, we've gotten used to it and agreed to provide the docs they requested (although at first we were a bit surprised and annoyed too, as it did seem to be too much). But almost everybody asks for it, so we kinda had to comply in the end...

@Renee - fortunately common sense prevails at Rewards Affiliates, when it comes to KYC. That mindset includes everything pertaining to your partners ;)

Yes, but unfortunately, common sense is not the stronger side for some affiliate programs when it comes to KYC.

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Originally Posted by Nenad

Yes, but unfortunately, common sense is not the stronger side for some affiliate programs when it comes to KYC.

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And that's exactly what I was inferring with my comment ;)

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Originally Posted by AussieDave

And that's exactly what I was inferring with my comment ;)

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I know, hence my comment. I'm with you on this matter!

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Originally Posted by Jambo

But one company request now the following:

• Company Number
• Copy of Certificate of Incorporation
• Share & Directors Registry
• Copy of Passport &/Or Driving Licence of UBO

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This is pretty standard AML dealings if you are exchanging currency or tokens or opening a bank account or exchange account. We have had to provide a company certificate (which covers the first three things) - and then passport /DL, and address verification for each director on many occasions.

One of the groups that asked for it is a smaller operation (not much bigger than mine) that exchanges bullion, crypto and currency and the owner who I know quite well after three years of dealings actually provided me with the AML forms and government instructions that he gets covering the things he needs to check off as a registered financial institution.

New Zealand is pretty free-flowing when it comes to business, but these days it seems any "big transaction" (and big is now anything over $10K) needs to be covered off with documents. You may THINK it's your money - but governments want to know exactly who is moving what these days.

Things have changed - and financial privacy doesn't seem to be an option.

I think it's enough to verify that a company actually exists and is active. That's it.

As an affiliate program I would not deal with private persons as it's business.

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Originally Posted by Triple7

I think it's enough to verify that a company actually exists and is active. That's it.

As an affiliate program I would not deal with private persons as it's business.

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Crime syndicates own companies too.