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1. Business Documents (KYB)

To verify a business entity, specific documents are mandatory. Please ensure you provide the correct document types as listed below.

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Mandatory Requirements

The following documents are explicitly required for all business verifications:
Document TypeCodeDescription
Certificate of Incorporation / Certificate of Registrationcertificate_of_incorporation, certificate_of_registrationDocument proving your company is legally registered in its country of incorporation.
Articles of Association / Memorandum of Associationarticle_of_associationArticles of Association (AoA) or Memorandum of Association (MoA) - ie documents highlighting the company’s rules, regulations, relationship to outside world etc is required.
Tax Registrationein_letter, tax_certificateOfficial IRS letter assigning the Employer Identification Number (US) or any other valid form of Tax Registration / Certificate (non-US)
Shareholder Registryshareholder_registryComprehensive record of all equity holders, their ownership percentages, and any special rights or restrictions associated with their holdings.
Proof of Registered Addressproof_of_addressDocument that confirms your company’s registered legal address, as listed in official company registry filings (e.g., Certificate of Incorporation, government-issued tax notice, registry extract).
Proof of Authorized / Operating Addressproof_of_address, utility_bill, bank_statementDocument (dated within last 90 days) showing your company’s operating location, such as a utility bill, lease agreement, vendor invoice or a bank statement.
Terms of Serviceterms_of_serviceConduit’s Terms of Service acknoledged or signed by the end customer is required to be uploaded for account opening.
Bank Statementsbank_statement, proof_of_fundsCompany’s three most recent bank statements, covering the last 90 days. In lieu of Bank statements, Portfolio statements can be added under code proof_of_funds covering the last 90 days

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2. Control Person Documents (KYC)

Verification is required for each control person associated with the business.

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Identity Verification

Each control person must submit at least one of the following valid identity documents:
  • national_id
  • passport
  • visa
  • resident_card
  • driver_license

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Proof Of Address

Each control person MUST provide a proof_of_address document. Document (dated within last 90 days) showing the individual’s address, such as a utility bill, lease agreement, vendor invoice or a bank statement.

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Role-Based Requirements

Additional documentation and verification steps may be required based on the control person’s specific role. Authorized Representatives: If a control person is designated with the role authorized_representative, the following additional requirements apply:
  1. Liveness Check: A liveness check is required to verify the physical presence of the authorized representative.
Liveness Check are required in addition to the standard identity document for Authorized Representatives.

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3. Non-US Onboarding Requirements

For businesses and control persons based outside the United States, specific additional information is required to ensure compliance with international regulations.

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Business Requirements

  • US Bank Account Status: You must declare whether the business has an existing US bank account.
    • If No: You must disclose if the business has ever been denied a US bank account (deniedUsBankAccount). If yes, an explanation is required.
  • Audit History:
    • Business: Must disclose any history of tax audits, regulatory sanctions, or law enforcement actions (businessAuditHistory). If yes, an explanation is required.
    • Owners: Must disclose any personal audit or sanction history for owners, directors, or officers (ownersAuditHistory). If yes, an explanation is required.
  • PEP Involvement: Must disclose if any owner, director, or officer is a Politically Exposed Person (PEP) (pepInvolved). If yes, detailed explanation is required.

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Control Person Requirements

  • Tax Residency: The taxResidencyCountry field is mandatory for all non-US control persons.
  • SSN Restrictions: Non-US control persons must not provide a Social Security Number (SSN).
  • Immigration Status: The immigrationStatus field must not be populated for non-US control persons.
Ensure that all country codes provided (e.g., for taxResidencyCountry, nationality) are valid ISO 3166-1 alpha-3 codes (e.g., GBR, FRA, DEU).