To ensure a secure and seamless transfer flow as a receiver, it is crucial to follow our meticulous procedure. The sender initiates the process by completing the Client Information Sheet (CIS) and undergoing video verification. Based on their residency status (USA or non-USA), the sender must fulfill the necessary US Treasury forms.
Upon providing the completed CIS and all required documentation, including financial accreditation, the transfer enters our established bank-to-bank transfer framework. Our rigorous verification process meticulously scrutinizes all provided data for accuracy and compliance. Every detail is carefully reviewed to ensure full compliance with regulatory standards, leaving no room for oversight. This meticulous approach safeguards the integrity and security of financial exchanges, upholding stringent regulatory norms.
Important Transaction Guidelines for JMD:
For a successful transaction with JMD, the following criteria must be met:
1. Submission of Corporate Documents:
The company is required to furnish comprehensive corporate documents illustrating all company officers involved in the transaction.
2. Letter of Good Standing from the Bank:
A letter of good standing from the company's bank is mandatory for any planned transaction. This ensures the financial reliability and stability of the company.
3. Authorization for Single-Director Entities:
In the case of a company with a single director, they are automatically vested with the authority to conduct transactions without additional authorization.
4. Board Resolution for Multiple Directors:
In scenarios where a company boasts multiple directors, a documented board of directors resolution is essential. This resolution explicitly grants the director the necessary power and authority to execute the transaction.
5. Majority Shareholding Authorization:
If a company comprises multiple directors and one of them holds a Personal Significant Control (PSC) or possesses a 75% shareholding stake, they are authorized to proceed with the transaction without an explicit board resolution.
These outlined measures ensure clarity, transparency, and compliance with the necessary regulatory frameworks for successful and secure transactions with JMD.
