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What does the question ‘Does your company have any history of lawsuits, license violations, warnings, notices, or any other type of legal or regulatory action?’ refer to?
This question is asking whether your company has been involved in any legal or regulatory actions, including lawsuits, license violations, warnings, or notices. Please give as much information as possible.
Why is it important to provide accurate information about legal history?
Accurate disclosure of legal history is crucial for assessing the risk and compliance status of your company. It helps the reviewing entity make informed decisions regarding your application.
What happens if I select 'Yes' to indicate that there has been legal or regulatory action involving my company?
If you select 'Yes,' you will likely be required to provide additional details about the legal or regulatory actions your company has been involved in. This information will be used for evaluation.
How should I respond to the question regarding individuals added as owners or admins and their legal history?
Similar to the previous question, if any individuals added as owners or admins have been party to lawsuits or felony convictions, you should select 'Yes' and provide the necessary details.
Why is it important to disclose legal history for individuals associated with the company?
Providing information about the legal history of individuals associated with the company is important for assessing the background and suitability of key personnel. This helps the reviewing entity make informed decisions regarding your application. We will work with you to ensure that the approving entity takes all circumstances into consideration.
What are the consequences of providing false information in response to these questions?
Providing false information can lead to serious consequences, including the rejection of your application or termination of any agreements. It's essential to be truthful and accurate in your responses.
What does the acknowledgment statement at the end mean?
By acknowledging that you are legally authorized to submit the application and agreeing to the Terms and Conditions, Disclosures, and Agreements, you are confirming your understanding and acceptance of the terms and conditions associated with the application process. You are also confirming that you have submitted true and accurate information to the best of your knowledge.
Further you should review the specific Terms and Conditions, Disclosures, and Agreements before submitting the application. You can also request specific annexures or addendums for review.
What if I make a mistake while entering any information? Can I edit it later?
It's important to review the information carefully before submission. If you have already submitted the information, please contact customer support to edit/delete information.
What happens after I've provided all the required information?
After you've provided all the necessary details, our team will verify your documents and ensure that you are ready to clear any KYC/KYB check performed by our payment's partners. You will be notified of your successful verification by our operations team. In case we require additional information from you, we will be in touch.