Business bank accounts & PSP accounts

It goes without saying that the opening of a bank account is fundamental to any business.
It should be noted, however, that modern day banking is under growing scrutiny from national competent authorities and regulatory bodies who are concerned with the prevention of money laundering, countering of terrorist financing and the role they may play in tax evasion.

International banks are now facing strict rules under the ever-increasing standards of client identification and verification (Know Your Client: KYC). Banks are required to examine and scrutinise prospective clients; for firms, this may mean providing comprehensive company information as well as information on its directors and shareholders.

At FAI Comply, we have developed a banking network and expertise which enables us to not only advise our clients on the most suitable bank for them, but also to assist in the increasingly complex bank account opening process through the collection and proper completion of many documents, as well as interviews and meetings with bank representatives.

With our knowledge and experience of the numerous procedures, opening a bank account for your company need not be a complicated matter.

​What can FAI Comply do for your business?

  • Provide professional advice on the selection and collaboration with well-established banks

  • Suggest the most suitable bank and practical options in accordance with your specific needs and requirements of your business

  • Professionally undertake the bank account opening process, ensuring the process is as fast and integrated as possible

  • Keep you up to date on your bank account status throughout the opening process

  • Requirements regarding information vary according to the jurisdiction of incorporation and house policies of specific banks

Each bank has its own requirements for account opening. Requirements regarding information vary dependent on the jurisdiction of incorporation and house policies of specific banks. Please contact us to help you choose the right banking institution for your business activity.

Other services

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GDPR compliance services

With our experience in implementing GDPR, FAI Comply is able to assist organisations of all sizes to meet the requirements of the regulation and tailor the best approach to suit your needs.

Q&A Seminar

Compliance training seminars

No matter what industry your organisation is in, legal and regulatory compliance is essential to protect it and your employees. This is particularly relevant for the finance sector, as the increased demand for digital services has expanded the regulatory environment and increased the need for compliance.

Stacks of Coins

Bank & PSP accounts

Each bank has its own requirements for account opening. Requirements regarding information vary dependent on the jurisdiction of incorporation and house policies of specific banks. Please contact us to help you choose the right banking institution for your business activity.

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