Compliance Requirements

Business Requirements

Brale is required to collect and verify information about each business and its ownership.

Standard Business Onboarding Requirements

• Legal Entity
  • Business Name
  • Principal Operating Address
  • Business EIN
  • Business Entity Type (Corporation, LLC, etc.)
• Authorized Business Controller: a person with significant responsibility to control or direct the business, such as an executive officer (CEO, CFO, COO, President, etc)
  • First Name, Last Name
  • Physical Address
  • Email Address
  • Date of Birth
  • SSN
    • If this person is a non-US person without an SSN, Brale will collect their passport #
• Ultimate Beneficial Owners (UBO): Individual or entity who own 25% or more of the legal entity
  • First Name, Last Name
  • Physical Address
  • Date of Birth
  • SSN
    • If this person is a non-US person without an SSN, Brale will collect their passport #

Please note that Brale may request additional information, or documents in specific instances where additional diligence is required to help identify the business & related persons. Such documents may include:

• Copy of a Non-expired government-issued Photo ID (i.e Driver’s License, State issued ID, or Passport )
• EIN Letter (IRS-SS4 confirmation letter)
• Articles of Incorporation
• Certificate of Good Standing
• Certificate of Assumed Name (if applicable)
• Proof of address (i.e Utility Bill, Most recent Bank Statement, etc.)