new bank requests all kinds of documents when opening account which ones are they

UKO questions come from the same source as the business register

When opening a business account, a new bank requests three types of information: who the business is, who is behind it, and why the account is needed. This is called customer due diligence or "Know Your Customer" (KYC), mandatory for banks under the Anti-Money Laundering and Terrorist Financing (Prevention) Act. Specifically, the bank usually requests an extract from the business register, a copy of the articles of association, an overview of the UBOs (Ultimate Beneficial Owners, the people who actually own or control the business) and a statement on the nature of business activities. For identity information — the statutory name, registration number and the registered address — the answer is always the same as on a sustainability or cyber list, so these fields are quickly filled if the chain file already contains them.

Where things more often get stuck is the question about UBO structure and the origin of funds. Banks sometimes want an organogram of the shareholder structure, and for a newly established business also a forecast of expected turnover and transactions. These last two are not standard fields from a chain file — this platform does not provide an answer for them, as there is no source to support it. What does often come up and is already established, is the number of employees and the sector in which the enterprise operates; banks use this to determine a risk profile.

Origin of the requested basic information

The information on name, legal form, place of establishment and registration number that a bank requests corresponds to what every business has already had recorded under the Trade Register Act 2007. This explains why an extract from the business register is considered a basic document at virtually every bank: it is the official, verifiable source for precisely that information. Questions about UBOs and the nature of business activities follow from the Anti-Money Laundering and Terrorist Financing (Prevention) Act, not from the business register — this is a different legal framework, with a different purpose.