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> doola is a financial technology company and is not a bank. Banking services provided by Piermont Bank; Member FDIC. How does the actual bank fulfill KYC/AML
by quercusa 4y ago
> doola is a financial technology company and is not a bank. Banking services provided by Piermont Bank; Member FDIC.
How does the actual bank fulfill KYC/AML requirements in this scenario?
- arjawn 4y agohey! the bank will run KYC + AML and it's also why we require identification, full documentation on the company, as well as the beneficiary owners! No way around KYC + AML, but can streamline process via formation + EIN + bank account integration!