What is KYC audit?
KYC (Know Your Customer) is the review and filing of account holders’ conditions (identity review of sellers on European platforms). According to the requirements of relevant European regulatory authorities, Amazon is required to conduct company and company owner identity review (KYC review) for sellers who open stores on European platforms (including the United Kingdom, France, Germany, Spain, Italy, etc.). Sellers can only sell on the European platform after being reviewed and approved by Amazon's European Verification Team.
What information is required for KYC review?
1. Scanned copy of the company's business license (individual sellers do not need to provide).
2. Identity documents of the company's primary contact person and beneficiary (beneficiary refers to a natural person or legal person who holds a stake equal to or greater than 25% in the company), such as a passport scan or the front and back of the identity card plus the personal page of the household registration booklet.
3. Personal expense bills of the primary contact and beneficiary: any daily expense bill within the last 90 days (including water, electricity, gas, internet, TV, telephone, mobile phone, etc. bills or credit card statements, etc.; the bill must include the name and detailed home address).
4. Company bank statement: The company name must be consistent with the company name on the business license; it must have the bank name and logo; it must have a bank account number at the bank where the account is opened; if the statement has a date, it must be within one year from the date of issuance; no date is also acceptable; individual sellers provide personal bank statements, with the same requirements as above.
5. Authorization letter: If the primary contact person is not the legal person or beneficiary of the company, Amazon will require the seller to provide an authorization letter from the legal person of the company authorizing the primary contact person to actually operate the account.
6. Company Daily Expense Bill: For sellers registered in Hong Kong and Taiwan (mainland companies do not need to provide it), Amazon requires sellers to provide a company daily expense bill. The requirements are the same as point 2, and the company name and address should be consistent with the business license/commercial registration certificate.
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This is the end of the introduction to KYC audit in this issue. If you still have doubts about KYC audit, please pay attention and we will continue to answer your questions!
