RESPONDING TO INQUIRIES FROM BANKING AND PAYMENT INSTITUTIONS

We help prepare responses, gather the necessary documents, and support you throughout a bank or payment institution review.
We support companies throughout their interactions with financial institutions.

Request a Consultation
from €250

WHEN WE CAN HELP

The bank has requested
additional documents

The bank has requested confirmation of the source of funds

The bank has requested confirmation of the source of wealth

KYC information needs to be updated

The bank is conducting
Enhanced Due Diligence

An explanation of account transactions is required

There is a risk of restrictions being placed on banking services

A business partner is conducting Compliance Due Diligence

WHAT THE SERVICE INCLUDES

Request Analysis

We review the requirements of the bank or financial institution.

Preparing Responses

We prepare responses and supporting cover letters.

Preparing Supporting Evidence

We help gather the documents and other evidence required to support your explanations.

Communication Support

Where necessary, we assist with correspondence and negotiations.

Preparing AML Documentation

If the bank requires internal policies or procedures, we help prepare the necessary documents.

MOST COMMON REQUESTS

Confirmation of Source of Funds

Confirmation of Source of Wealth

Description of the company’s business activities

Client information

Supplier information

Explanation of the purpose and economic rationale of the transaction

Information on beneficial owners

AML documentation

PRICING

Bank Request
Analysis

from €250

Support with Enhanced Due Diligence

from €500

Comprehensive Support for a Bank Compliance Project

custom pricing

OUTCOME

✓ Prepared documentation package
✓ Reduced risk of account restrictions
✓ Clear and appropriate communication with the bank
✓ Compliance with the bank’s review requirements

FREQUENTLY ASKED QUESTIONS

What is Source of Funds?

It is information and documentation confirming the origin of the funds.

What is Source of Wealth?

It is information and documentation confirming the origin of the business owner’s overall wealth or capital.

Can I prepare a response to the bank myself?

Yes. However, inaccurate or incomplete responses may lead to additional questions and delays.

Do you assist with Enhanced Due Diligence?

Yes. We support clients throughout enhanced due diligence reviews conducted by banks and financial institutions.

What should I do if the bank has requested additional documents?

The request should be reviewed carefully, and all required information and documentation should be prepared and submitted within the specified timeframe.

Can a bank close an account if the requested documents are not provided?

Yes. If a company fails to provide the requested information or provides incomplete information, the bank may restrict its services or decide to terminate the business relationship. We help prepare documents and responses in line with the bank’s requirements.

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HAVE YOU RECEIVED A REQUEST FROM YOUR BANK?

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OTHER SERVICES

DEBT RECOVERY

CONTRACT DRAFTING AND LEGAL REVIEW

REGULATORY COMPLIANCE AND INTERNAL POLICIES

CORPORATE SERVICES IN ESTONIA AND LATVIA

REGULATORY ADVISORY AND LICENSING

OCCUPATIONAL HEALTH AND SAFETY MANAGEMENT FOR BUSINESSES

ACCOUNTING AND TAX SERVICES

Ready to Work Together?

Get in touch with us to discuss how we can help your business.