1 JMMB Account Opening Checklist The following ... - Jmmb.com

ACCOUNT OPENING CHECKLISTThe following documentation will be required based on the type of account being openedINDIVIDUAL ACCOUNTS1. 2 pieces of valid identification (Passport, Drivers License, National ID, Resident or CitizenshipCard) OR a Reference letter plus 1 form of valid ID. Reference letter may be a job letter or letterfrom a Justice of the Peace (JP), Pastor, JMMB client or staff. Please note that relatives or jointaccount holders may not provide references.2. Tax Registration Number – required for all Jamaican clients over the age of 18 years. Minors(clients under 18 years) are only required to have a TRN if a Tax Shelter or Equity Money Marketaccount is being opened on their behalf. For all non-Jamaican clients we request your nationalreference number (e.g. Social Security for USA citizen) if you do not have a TRN.3. Proof of Residential Address – required for each client on the account.4. Source of Funds information – source of funds being used to open the account as well as source offuture investments.INCORPORATED COMPANIES1. Certificate of Incorporation2. Memorandum and Articles of Association (for companies not registered under the CompaniesAct, 2004)3. Articles of Incorporation ( for companies registered under the Companies Act, 2004)4. Company TRN.5. Resolution of the Board of Directors (authorizing the establishment of the business relationshipand relevant signing instructions on account)6. List of Authorized Signers/Directors and specimen signatures7. TRN of Authorized Signers and Directors.8. Tax Compliance Certificate (TCC)9. Two (2) pieces ID for Authorized Signers and Directors on the account (Passport, DriversLicense, National ID, Resident or Citizenship Card) OR one (1) piece of ID & a ReferenceLetter (from Justice of the Peace, Notary Public, Pastor, JMMB client or team member or amanager of a financial institution). Copy of ID must be certified copies unless originals arepresented for photocopying. One (1) piece of ID may be accepted from Directors who are notsigners.10. Proof of Address for company and all Authorized Signers and Directors. The CompanySecretary may provide a letter, listing the names and addresses of all Directors confirmingthat they are Directors of the company and that the necessary paper work has been filed withthe Office of the Registrar of Companies. This letter must be accompanied by a certified copyof Form 23 from the Office of Registrar of Companies confirming the identity of theCompany Secretary.JMMB Account Opening Checklist1

PUBLIC EDUCATIONAL INSTITUTIONS1. Resolution from the school’s Board of Management - authorizing the establishment of thebusiness relationship and relevant signing instructions on account2. The Scheme for public educational institution (contains constitution, powers and duties of the Board)3. School’s TRN.4. List of Authorized Signers and specimen signatures5. TRN of Authorized Signers6. Tax Compliance Certificate (TCC) (if available)7. Two (2) pieces ID for Authorized Signers on the account (Passport, Drivers License, National ID,Resident or Citizenship Card) OR one (1) piece of ID & a Reference Letter (from Business Partner,Associate or JMMB client or team member). Copy of ID must be certified copies unless originalsare presented for photocopying.8. Proof of Address for the school and all signatories9. Source of Funds information – source of funds being used to open the account as well as sourceof future investmentsINDEPENDENT SCHOOLS1. Documents evidencing that the independent school is registered2. Resolution from the school’s Board of Management - authorizing the establishment of thebusiness relationship and relevant signing instructions on account3. School’s TRN4. List of Authorized Signers and specimen signatures5. TRN of Authorized Signers6. Tax Compliance Certificate (TCC) (if available)7. Two (2) pieces ID for Authorized Signers on the account (Passport, Drivers License, NationalID, Resident or Citizenship Card) OR one (1) piece of ID & a Reference Letter (from BusinessPartner, Associate or JMMB client or team member). Copy of ID must be certified copiesunless originals are presented for photocopying.8. Proof of Address for the school and all signatories9. Source of Funds information – source of funds being used to open the account as well assource of future investmentsINCORPORATED ASSOCIATIONS (CLUBS & SOCIETIES)1. Documents evidencing that the association is registered2. Mandate from the Association - authorizing the establishment of the business relationshipand relevant signing instructions on account3. A copy of the Association’s rules4. Information regarding who runs the association and in whose names the assets are vested5. Association’s TRN (if available).6. List of Authorized Signers and specimen signatures7. TRN of Authorized SignersJMMB Account Opening Checklist3

8. Tax Compliance Certificate (TCC) (if available)9. Two (2) pieces ID for Authorized Signers on the account (Passport, Drivers License, NationalID, Resident or Citizenship Card) OR one (1) piece of ID & a Reference Letter (from BusinessPartner, Associate or JMMB client or team member). Copy of ID must be certified copiesunless originals are presented for photocopying.10. Proof of Address for the Association and all signatories11. Source of Funds information – source of funds being used to open the account as well assource of future investmentsUNINCORPORATED ASSOCIATIONS1. A copy of the Association’s rules2. Mandate from the Association - authorizing the establishment of the business relationshipand relevant signing instructions on account3. TRN (if available)4. List of Authorized Signers and specimen signatures5. TRN of Authorized Signers.6. Tax Compliance Certificate (TCC) (if available)7. Two (2) pieces ID for Authorized Signers on the account (Passport, Drivers License, NationalID, Resident or Citizenship Card) OR one (1) piece of ID & a Reference Letter (from BusinessPartner, Associate or JMMB client or team member). Copy of ID must be certified copiesunless originals are presented for photocopying.8. Proof of Address for the Association and all signatories9. Source of Funds information – source of funds being used to open the account as well assource of future investmentsCHURCHES (Incorporated by Act of Parliament)1. A resolution passed by the relevant body in which the statue vests such power2. List of names and specimen signatures of authorized signers3. Church’s TRN (if available)4. List of Authorized Signers and specimen signatures5. TRN of Authorized Signers.6. Tax Compliance Certificate (TCC) (if available)7. Two (2) pieces ID for Authorized Signers on the account (Passport, Drivers License, NationalID, Resident or Citizenship Card) OR one (1) piece of ID & a Reference Letter (from BusinessPartner, Associate or JMMB client or team member). Copy of ID must be certified copiesunless originals are presented for photocopying.8. Proof of Address for the church and all signatories9. Source of Funds information – source of funds being used to open the account as well assource of future investmentsJMMB Account Opening Checklist4

PENSION FUNDS1. Copy of the Trust Deed and Rules2. TRN for the Pension Fund.3. Tax exemption from TAAD (where applicable)4. All trustees must sign all documents/authorities, unless JMMB has written instructionsstating how many persons can execute transactions/instructions.5. Trustee ratification to open account with JMMB6. List of Authorized Signers and specimen signatures7. TRN of Authorized Signers.8. Two (2) pieces ID for Authorized Signers on the account (Passport, Drivers License, NationalID, Resident or Citizenship Card) OR one (1) piece of ID & a Reference Letter (from BusinessPartner, Associate or JMMB client or team member). Copy of ID must be certified copiesunless originals are presented for photocopying.9. Proof of Address for Trustee and all signatories10. Source of Funds information – source of funds being used to open the account as well assource of future investmentsOVERSEAS COMPANIES & PARTNERSHIPS1. Articles of Incorporation2. By Laws3. Letter of Authorization addressed to JMMB4. Company Seal5. List of authorized signatories and specimen signatures for each6. 2 forms of picture identification7. TRN/Social Security Number for each authorized signer and Director8. Verification of address for each signer and Director9. Indication of source of funds being used to open account and source of expected income10. Comparable documents from relevant sections above - Copies of documents must be signedand sealed by a Notary Public resident in the country of origin11. For overseas company - a copy of the incorporation documents and constitution of the companyor any other document constituting or defining the constitution and containing the name of thecompany and if the instrument is not in English Language a certified translation thereof must besubmitted.12. Any other document that may be prescribed by the Compliance Officer or their designateNON FACE TO FACE CLIENTSFor prospective overseas clients who wish to open accounts and execute transactions via email, website orpost, higher standards of scrutiny will be applied and the following is to be noted:-1. Identification and verification standards must be applied. This includes:a) Picture identification (passport or drivers license) duly notarizedJMMB Account Opening Checklist5