You're about to leave our website

This hyperlink will bring to you to another website on the Internet, which is published and operated by a third party which is not owned, controlled or affiliated with or in any way related to Standard Chartered Bank (Hong Kong) Limited or any member of Standard Chartered Group ( the "Bank").

The hyperlink is provided for your convenience and presented for information purposes only. The provision of the hyperlink does not constitute endorsement, recommendation, approval, warranty or representation, express or implied, by the Bank of any third party or the hypertext link, product, service or information contained or available therein.

The Bank does not have any control (editorial or otherwise) over the linked third party website and is not in any way responsible for the contents available therein. You use or follow this link at your own risk. To the extent permissible by law, the Bank shall not be responsible for any damage or losses incurred or suffered by you arising out of or in connection with your use of the link.

Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the terms of use and privacy policies of the third party website that you are going to visit.

Proceed to third party website
News and medias masthead

Key Business Information Requirement for Business Account Opening

Key Business Information Requirement for Business Account Opening

Client Due Diligence (CDD) forms an integral part of a global effort to combat money laundering, terrorist financing and fraudulent activities. Accordingly, CDD measures that the Bank implements can help ensure our client’s account is safe. Under this approach, the Bank will collect information at account opening, on a periodic basis, and from time to time as required to identify our clients and develop an understanding of their normal and expected banking activities. The more we know about our clients, the more the Bank can better protect them.

An indication of the typical business information requirements that the Bank collects is shown below:

  1. Company History (including when, how and source of capital to set up the company, relevant business experience, reason for setting up business)
  2. Company ownership structure
  3. Information about the company’s business nature, including:
    1. Principal place of operation and information on any branches / subsidiaries in other countries
    2. Key products/services, number of employees, anticipated annual sales turnover and anticipated net profit
    3. Major import and export countries
    4. Major suppliers & buyers/ Source of fund and anticipated banking activities/ Source of income
    5. Information on direct or indirect dealings or ownership interests in countries such as Iran, Syria, North Korea, Sudan, Cuba or regions such as Crimea or Sevastopol

In addition to the above, we may collect more information as and when required.