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Mesta Client Onboarding Information

Effective date : July25, 2024

 

In accordance with the policies of our partners, Mesta requires the submission of the following documents during the onboarding process for new clients:

 
Legal Documents and Information Required
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Business Entity Identification:

  • Legal Entity Name

  • Legal Entity Type

  • Business Registration Address

  • Employer Identification Number (EIN) Verification

  • Corporate Structure

  • Identification of Beneficial Owners holding 25% or more shares

 
Required Onboarding Identification Information:
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  • Website URL of the business entity

  • Full name and personal details of the natural person representing the legal entity

  • NAICS (North American Industry Classification System) code

  • Relevant business licenses

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Essential Verification Documents:
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  • Current excerpts from the Commercial Register

  • Founding documents of the legal entity

  • Shareholder certificates and registers

  • List of authorized signatories

  • Proof of residence for key individuals (e.g., recent utility bills or bank statements)

 

These documents are essential to ensure compliance with regulatory requirements and to facilitate a thorough understanding of the business and its principals.


 

Compliance Obligations Under Mesta's AML, CTF, and Sanctions Policies

 

Adherence to Anti-Money Laundering and Counter-Terrorist Financing Protocols : Clients are required to fully comply with Mesta’s Acceptable Use Policy  and provisions of Mesta's Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), and Sanctions Screening policies. This obligation includes active participation in ongoing compliance monitoring and cooperation with any compliance investigations conducted by Mesta. Compliance with these protocols is essential to maintain the integrity and legality of operations under the frameworks that govern our services.



Restrictions on Prohibited Business Categories and Countries:

 

Clients are strictly prohibited as per Mesta’s Acceptable Use Policy from initiating or engaging in any business relationships or transactions with entities from categories or jurisdictions that are designated as prohibited not only under Mesta's AML policy but also those prohibited by our banking-as-a-service providers and their licensed service providers. This includes adhering to restrictions set forth by the regulatory licenses under which Mesta and its partners operate. A comprehensive and regularly updated list of these prohibited categories and jurisdictions is included in the onboarding documentation to ensure compliance with current regulatory changes and requirements.

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