Last updated on April 25, 2022

Customer identification (KYC) for the Prevention of Money Laundering

Designed for Compliance, Legal, and Real Estate

Created by Derek Lou on Parallel

Example of question you will find in this template.

This template includes

65 question fields
Conditional fields
Possibility to enable eSignature
Personalized message

About this template

Are you tired of chasing your new customers that need to go through know your customer (KYC) processes? With this Parallel template you can automate the process of collecting information and documents for a riskless and frictionless KYC to comply with antimoney laundering regulations.

This list includes some of the essential aspects for the identification and due diligence foreseen in the Spanish Act 10/2010 of April 28 on the Prevention or Money Laundering and the Financing of Terrorism, such as:

the formal identification,

the activity and economical information,

the ultimate beneficial owners,

the relationships with politically exposed persons.

Parallel users that are already using it for their KYC processes are collecting all the information they need in matter of days insted of weeks, achieving a riskless and frictionless process.

Additional information

The information provided in the template must be adapted to the internal processes of each organization and, in accordance with the regulations, must be signed by an authorized person. You can enable a valid electronic signature in the process using Parallel's electronic signature integration.

The list has been prepared in accordance with the Spanish Anti Money Laundering regulations:

Act 10/2010 of April 28 on the Prevention or Money Laundering and the Financing of Terrorism.

Royal Decree 304/2014 of May 5 that approves the Regulations of Law 10/2010 of April 28 on the Prevention or Money Laundering and the Financing of Terrorism.

In addition, you can create a public link to facilitate your clients' access to the process and leave it on your company's website, for example, without having to rely solely on email.

Information list

A. Formal identification of the recipient of our services

1. Recipient of services

B. Identification data

2. Name

3. Last name

4. Domicile

5. Id document

6. Are you acting on your own behalf or on behalf of a third party?

7. Type of person you are representing

C. Information from the person you represent

8. Name

9. Last name

10. Domicile

11. Id document

D. Identification data of the represented entity

12. Corporate name

13. Registered office

14. Director(s)

15. Deed of incorporation

16. Company by-laws

17. Are the details of the deed and the attached by-laws up-to-date?

18. Other public documents

19. Power of Attorney or appointment

20. Grantor's power of attorney

E. Entity's identification data

21. Company name

22. Registered office

23. Director(s)

24. Deed of incorporation

25. Company by-laws

26. Are the details of the deed and the attached by-laws up-to-date?

27. Other public documents

F. Ultimate Beneficial Owner (UBO)

28. Does the legal person have any ultimate beneficial owner(s) (UBO)?

29. Identification of the ultimate beneficial owner(s) (UBO)

30. ID document of the beneficial owner(s) (UBO)

31. Does the UBO hold direct control in the company?

32. Structure chart

G. Economic activity and information

33. Description of the legal person's business activities

34. Special activities

35. Description of the activity

36. Special activities

37. Payment method

38. From which country will the payment be made?

H. Relations with politically exposed persons (PEPs)

39. Are you considered a PEP?

40. Position

41. Is there any person, linked to the entity, considered a PEP among its UBO(s) , representatives or administrators?

42. PEPs linked to the entity

43. Is there any person, linked to you, considered a PEP?

44. PEPs linked

I. Representative's identification data

45. Representative's name

46. Last name

47. Domicile

48. Contact email

49. Description of the professional activity

50. Representative's ID

51. Power of Attorney

J. Additional information

52. Is the entity or any person linked to it involved in any criminal court proceedings?

53. Does the entity or any person linked to it have connection with any high-risk country/jurisdiction?

54. Are you involved in any criminal court proceedings?

55. Do you have connection with any high-risk country/jurisdiction?

Other similar templates