Domiciliation involves a customer using a business mailing or enrollment address with an outside party – such as Flexado or one of its partners. This means that the customer is is legally or administratively located is at a location that he or she does not physically manage.
Flexado offers this in the form of:
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Business mailing address (correspondence address)
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Service office (registration address for the Chamber of Commerce)
Because this is prone to abuse (think ghost companies, identity fraud or tax evasion), this is a high risk area within the AML (WWFT).
That’s why we always feed:
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A complete identity and structure check from
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Assessment of business activities
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Control of geographic and industry risks
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Enhanced monitoring if needed
