CIS-Customer Information Sheet
Banks are obliged to know who they are dealing with. The abbriviation for this is KYC. Know your Customer.
After 9/11 the war against terrorism started all over the world led by the various US agencies.
The worst punishment you can get that you will be taken away all possibilities to work with the banking system. Your accounts were frozen. You just became nobody.
The basis for this is that you have to proof that you are somebody. This is done by giving verifiable bank references, notarized passport copies if you can not present the passport in person. You have to proof where you are living.
Never forget that when you are dealing with a fresh person the possibility to ask for the CIS. This is a format where you give all these details in a short form.
Would you like to have a commission rest assured that somebody will ask for your CIS.
The war on terrorism has not ended and many banks has signed the US Patriot Act documents and been certified as upkeeping a high standard in the KYC.
In Sweden e.g. there is a law against money laundring whereby you are required to make sure that you are dealing with a non-fraudster and a non-money laundrer.
It is not enough then with a statement in a document as LOI, SCO or FCO that the person issueing this document guarantees that the document is correct. You are obliged to see the passport.
To start with you at least have to have the CIS.
This is what you are fighting against, and it is better for you to do it. Terrorism, see the fight here.
