What onboarding information is required for the government-owned enterprise?
What's a government-owned enterprise?
Government-owned enterprises are government agencies, ministries, companies, or funds with 50% or greater national or local government ownership. These entities are typically created to engage in commercial activities on behalf of the government.
Who are the key persons for a government-owned enterprise?
Based on regulatory investigation requirements, OKX needs your company’s key personnel and the authorized users of the institutional account (if different from the key personnel) to provide identity verification information during the institutional verification process.If your company is registered as a government-owned enterprise, you are required to provide information for the following personnel:
Corporate officers: Persons with significant responsibility to control, manage, or direct the government-owned enterprise, including executive officers or senior managers (for example, CEO, CFO, COO, Managing Member, General Partner, President, Vice President, or Treasurer), or any other persons who regularly perform similar functions.
Directors: Persons elected or appointed to serve on the board of directors of the government-owned enterprise. These persons govern and oversee the government-owned enterprise and are responsible for its high-level strategy, operations, and accountability.
Ultimate beneficial owners: Persons who ultimately own and/or who exercise ultimate control over the government-owned enterprise. “Ultimately owns” and “ultimate effective control” refer to situations in which ownership and control are exercised through a chain of ownership or by means of control other than direct control.
Authorized users: Persons who have access to and can operate your institution’s OKX account.
Upload a photo or scanned copy of the key person’s ID document
Please upload both the front and back sides of the ID card. If the ID card does not have a back side, uploading the front side or the photo page is sufficient.
What'll a government-owned enterprise need to consider for the onboarding process?
Identify all key parties
Identify all parties involved in the government-owned enterprise, including the corporate officers, directors, ultimate beneficial owners, and any authorized users.
Provide organizational documentation
Provide organizational documentation that regulates and binds the government-owned enterprise and establishes its control and management structure.
Provide identifying information
Provide identifying information for the government-owned enterprise, such as your institution’s legal full name, registration address, registration number, date of incorporation, principal place of business (if different from the registered address), institution type, and industry, amongst other pertinent and verifiable data.
Provide identification documentation
Provide valid proof of identity (PoI) and proof of address (PoA) documents that verify the existence and establishment of the government-owned enterprise, as well as the identity of each key person involved.
For example:
Certificate of incorporation or business registration certificate (or equivalent official document, such as a business license)
Articles of association
Register of directors
Register of shareholders or beneficial ownership structure chart (must be signed and dated within the past 12 months)
Proof of business address (if different from the registered address)
Complete the following template to finish verification
Sign, scan, and upload the account opening authorization letter (a board resolution containing such authorization is also acceptable)
The above information is only used for completing institutional verification. If you have any questions, please contact customer support or send an email to no-reply@okx.com.