Why do I need to verify myself as an onboarding applicant?

To comply with the Anti-Money Laundering and Counter-Terrorist Financing Act of Finland (444/2017), Ivy must identify and verify not only the company itself, but also the individual submitting the onboarding application.

This process confirms two things:

1. That the person submitting the onboarding is who they claim to be.

2. That they are authorized to act on behalf of the company.

Verifying the applicant helps Ivy maintain a secure and compliant onboarding process, ensuring that no unauthorized individuals are able to access or initiate financial services on behalf of an organization.