Regulatory compliance is a key component in establishing a business relationship. We require two levels of KYC (know-your-customer) documentation, depending on the type of customer

Individual

If you are applying on your own behalf, as an individual, our due diligence is pretty straightforward. No more burdensome than that any bank or other financial institution would require

corporate

If you are applying on behalf of a corporation, partnership, trust, foundation or any other kind of non-natural legal entity, the due diligence process will require a slightly deeper level of depth

 

Our Legal Review Process

Abaku Capital Inc. (ACI), a Luxembourgish corporation (the “Company”) requires a legal review process for any company that desires to complete digital asset acquisition transactions greater than an aggregate amount of $10,000,000 per each calendar year

The legal review process is outlined below to show what documents will be required, depending on the type of entity:

Limited liability companies

  • A copy of the LLC’s file stamped articles of organization (and all amendments filed);

  • A copy of the LLC’s executed operating agreement (and all amendments) that:

    • states the purpose of the LLC;

    • includes a list of the members of the LLC;

    • states whether the LLC is member managed or manager managed, and if so, identifies who the managers are;

  • A newly signed consent by the members or managers, as applicable, to approve digital asset acquisitions by the Company that may exceed an aggregate amount of $10,000,000 per calendar year and identify the person(s) that have authority to authorize and sign the Company’s purchase and sale orders on an on-going basis; and

  • A newly signed certificate by the secretary of the LLC certifying that the operating agreement and members list are current and that there have been no other consents signed to date to amend or change the terms of the operating agreement.

Corporations

  • A copy of the Corp.’s file stamped articles of incorporation (and all amendments filed) that includes a statement of the purpose of the Corp.;

  • A copy of the Corp.’s executed bylaws (and all amendments);

  • A copy of the shareholder consent appointing the current board of directors;

  • A complete and accurate copy of the Corp.’s current capitalization table and stock ledger;

  • A newly signed consent by the board of directors to approve digital asset acquisitions by the Company that may exceed an aggregate amount of $10,000,000 per calendar year and identify the person(s) that have authority to authorize and sign the Company’s purchase and sale orders on an on-going basis; and

  • A newly signed certificate by the secretary of the Corp. certifying that the bylaws, capitalization table, and stock ledger are current and that there have been no other consents signed to date to amend or change the terms