Table of Contents
Required KYC documents #
Individuals: #
- Identity Proof: A valid identity card (for Singaporeans and PRs) or passport (for foreigners).
- Proof of Residential Address: Recent utility bill, bank statement, or government correspondence dated within the last three months.
- Certification Requirements: Documents must be certified true copies by a notary public, a registered professional, or in accordance with the institution’s specific requirements.
Politically Exposed Persons (PEPs): #
- All documents required for individuals.
- Additional Documentation: Declaration of political exposure, detailing the nature and extent of the political exposure.
- Source of Funds: Detailed documentation proving the source of funds for the property purchase.
- Certification Requirements: Due to heightened risk, enhanced scrutiny and additional verification by compliance officers are necessary.
Entities (Corporations, Partnerships, etc.): #
- Identity Proof: Certificate of Incorporation, business profile from the Accounting and Corporate Regulatory Authority (ACRA).
- Proof of Operating Address: Recent utility bill or bank statement of the business.
- List of Directors/Partners: Official list from ACRA or equivalent documentation.
- List of Beneficial Owners: Holding more than 25% of the company’s shares or voting rights.
- Certification Requirements: Documents to be certified by the company secretary, director, or an authorized representative from the legal department.
Trusts, Foundations, or Other Legal Arrangements: #
- Trust Deed or Equivalent Document: Establishing the trust or legal arrangement.
- Identity Proof for Trustees/Managers: Valid identity card or passport.
- Proof of Address for Trustees/Managers: As per individuals.
- List of Beneficiaries: Especially those benefitting from 25% or more of the trust.
- Certification Requirements: Documents must be certified by a lawyer, notary public, or trustee.
Certification Standards #
- Documents must be presented as original or certified true copies.
- Certification must be performed by an individual authorised under local laws (e.g., notary public, lawyer, or company officer with delegated authority).
- The certifier must sign, date, and indicate their position or authority on the document.
- Electronic certifications must comply with local electronic transactions laws ensuring authenticity and integrity.
