Compliance · 05
Counterparty Verification
A standard we hold ourselves to, and ask of others.
The group maintains a counterparty verification standard covering corporate identity, registration, ownership, operational capacity and channel integrity.
The same standard applies to BNM Group's own entities: counterparties should be able to verify the specific legal entity they are contracting with, not a general brand.
What we provide
- Verification of counterparty registration and legal standing
- Review of operational capacity relevant to the transaction
- Channel and representative verification procedure
- Written clarification on the exact BNM legal entity of the transaction
What counterparties can expect
- Counterparties are asked to cooperate with reasonable verification requests
- Verification precedes any binding commercial commitment
- Outcomes that are not satisfactory may lead to non-engagement
Processes described on this page define the group's working standards. BNM Group is not a bank, a licensed financial institution, a payment institution or a regulated financial-services provider. Verification requests are handled exclusively through official group channels.