KYC & Compliance
Know-Your-Customer verification and regulatory compliance for secure transactions
Compliance & Know-Your-Customer (KYC) Requirements
At ESPATECH, we maintain rigorous Know-Your-Customer checks, comply with all relevant regulations (EU sanctions, AML/CFT), and perform thorough due diligence on all buyers and suppliers. This ensures secure, transparent, and legally compliant transactions.
Buyer KYC Requirements
For all purchases, we require the following documents from buyers:
📋 Documentation
- Certificate of incorporation
- Business registration documents
- VAT ID / Tax ID
- Company address proof
- Company website (if available)
👤 Personal Identification
- Authorized signatory ID/passport copy
- Proof of address (utility bill or bank statement)
- Job title confirmation
💰 Financial Information
- Bank details (IBAN, SWIFT/BIC)
- Bank reference letter (if available)
- Recent bank statements (optional)
✅ Compliance Screening
- Sanctions list screening (EU/UN/OFAC)
- PEP (Politically Exposed Persons) check
- AML/CFT (Anti-Money Laundering) check
Our Verification Process
- Document Collection: Submit required documents via secure email
- Identity Screening: Automated checks against EU, UN, and OFAC sanctions lists
- Document Validation: Verify authenticity of certificates and test reports
- Sample & Inspection: Arrange pre-shipment inspection for new suppliers
- Contracting: Issue proforma invoice and sales contract
- Post-Shipment: Collect feedback and final documentation
Data Protection & Privacy
All personal and business information collected during KYC is protected under GDPR and handled confidentially. For details, see our Privacy Policy.
✓ GDPR Compliant
✓ German Privacy Law (BDSG)
✓ EU Data Protection Directive Compliant