To open a business account with LBank, applicants must complete the Know Your Customer (KYC) verification process. Below are the required documents for L1 and L2 verification levels. Both corporate and personal accounts have identical permissions and limitations and follow the same KYC procedures. Verification typically takes three business days.

L1 Verification: Required Documents

1. Company Information:

• Country of company registration

• Company name

• Business license registration number

• Registration date

• Company address
  
  

2. Authorization:

• Board resolution authorizing the account opening
  
  

3. Personnel Details:

• Names and ID numbers of corporate directors and account users
  
  
  

L2 Verification: Additional Required Documents

1. Corporate Documents:

• Articles of Incorporation and Bylaws

• Company registration certificate

• Shareholder registry (current and former shareholders)

• Directors registry (list of directors elected by shareholders)
  
  

2. Identity Verification:

• Passport copies for all directors, authorized agents, individuals involved in company management, or anyone with over 25% ultimate beneficial interest
  
  

3. Ownership Structure:

• Organizational chart showing all ultimate beneficiaries
  
  

4. Government Verification:

• Screenshot of company registration information from the official government website, including verification date
  
  

Note: L1 and L2 verifications provide similar access levels, but L2-verified accounts receive priority processing for deposits and withdrawals.

Submission Instructions

⚠️Please sign the affidavit below with “I agree to the affidavit” and email all required documents to service@lbank.com.

Affidavit for LBank Business Account Application

By submitting the required documents, I/we, on behalf of the applying company, confirm the following:

1. Authority and Compliance:

• I/we have full authority to open a business account with LBank and agree to its terms and conditions, including the Service Agreement and Privacy Policy.

• All provided information is truthful and complete.
  
  

2. Anti-Money Laundering (AML) Compliance:

• I/we comply with all applicable AML laws, including those enforced by the Monetary Authority of Singapore, the US Bank Secrecy Act, the USA PATRIOT Act, and other relevant regulations in jurisdictions where we operate.

• The funds sent to LBank (fiat or cryptocurrency) are not derived from illegal activities and will not cause LBank to violate AML laws.

• No ongoing investigations, legal actions, or warnings related to AML compliance involve our company.

• Upon request, I/we will provide additional information to ensure AML compliance and understand that LBank may share information with regulatory or law enforcement authorities as required.

• Unless disclosed in writing, neither I/we, nor any individual or entity under our control, nor any agent acting on our behalf is:

• A foreign senior political figure, their close relatives, or located in a jurisdiction designated as non-cooperative by the Financial Action Task Force (FATF).

• Located in a jurisdiction subject to special measures under Sections 311 or 312 of the USA PATRIOT Act.

• Involved in foreign shell banks or accounts in non-cooperative jurisdictions.

• If acting as an agent or intermediary, I/we will provide our AML policy upon request, confirming it has been reviewed by a qualified lawyer or compliance officer with no negative compliance reports.
  
  

3. Sanctions Compliance:

• Neither I/we, nor our affiliates, directors, officers, employees, or agents are:

• Subject to sanctions by the US (e.g., OFAC, Department of State), UN Security Council, EU, UK (HMT), or other relevant authorities.

• Located, organized, or resident in sanctioned countries or regions (e.g., Cuba, Iran, North Korea, Syria, Crimea).

• I/we have not engaged, are not engaging, and will not engage in transactions involving sanctioned countries, regions, or persons.

• I/we will notify LBank within 7 days of any changes to the provided information.
  
  

Acknowledgement: I/we fully understand and agree to the terms of this affidavit.

We are committed to providing you with a secure and seamless trading experience!

⚠️ In case of any translation discrepancies, please refer to the English version.