August 28, 2020 – Mount Vema – His Mount Vema Majesty’s Government has introduced a new rule effective today that prevents Mount Vema banks such as the RBMV Bank from asking applicants for a Mount Vema bank account to provide information that are currently not a requirement under the laws of the Vema Seamount Territory.
From today applicants for a personal bank account will not need to provide social security number of their country of residence, neither businesses are required to provide Employer Identification Number of their country of residence.
The new rule was introduced to make it easier for Mount Vema banks to approve applications for Mount Vema bank account for those seeking to open an investment account to trade Mount Vema government securities at the GOLLEXY (The Mount Vema Stock Exchange) and those seeking employment within the Mount Vema society to work either in Mount Vema or overseas, especially those providing virtual services including designs and engineering consultancy, media, project management, secretarial, legal, and more.
Under the new banking rule, job seekers or businesses only need to provide their address, ID or Passport to apply for a Stock Market Investor Account, a Personal – Regular account, or a Business – Regular account with the RBMV Bank.
The rule will make it easier for people to secure employment or contracts as it will be a requirement to have a Mount Vema bank account in most cases before anyone (person or business) can apply for a job or for a contract to be outsourced by Mount Vema companies or government agencies.