In order to comply with UK Financial Conduct Authority regulations, Odin must confirm the identity of every investor.
If you're intending to make investments above a certain threshold, we're legally required to collect some information from you to make sure we're compliant with AML regulations.
When an individual/company invests a larger ticket, they will be prompted to fill out this form where we carry out enhanced due diligence on the individuals/entity.
Here's what you can expect...
An individual investing a small ticket will be redirected to automated ID checks. If you are investing a smaller cheque via a company, we will also just ask for your ID.
An individual investing a large ticket will be prompted for source of wealth checks.
A company investing a large ticket will prompted for source of wealth for checks.