Compliance Requirements

Before You Start

Before starting the onboarding process, ensure you have the following ready: (Accepted formats: PDF, JPEG, PNG)

Minimum Required Documents

Certificate of Incorporation or Registration
Articles of Association / Memorandum of Association
Tax Registration (EIN Letter or Tax Certificate)
Shareholder Registry
Proof of Registered Address
Proof of Operating Address (dated within 90 days)
Bank Statements (last 90 days)
Corporate Resolution or Power of Attorney

For Financial Institutions (additional)

Regulatory License
Flow of Funds Diagram
Independent AML/Compliance Audit Report

For Each Control Person

Government-issued ID (passport, driver’s license, resident card or national ID)
Proof of Address (dated within 90 days)
Liveness check (for authorized representatives only)

1. Business Documents (KYB)

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

Mandatory Requirements

The following documents are explicitly required for all business verifications:

Document Type	Code & Condition	Description
Certificate of Incorporation / Certificate of Registration	`certificate_of_incorporation`, `certificate_of_registration` (Required)	Document proving your company is legally registered in its country of incorporation.
Articles of Association / Memorandum of Association	`article_of_association` (Required)	Articles of Association (AoA) or Memorandum of Association (MoA) highlighting the company’s rules and regulations.
Tax Registration	`ein_letter`, `tax_certificate` (Required)	Official IRS letter assigning the Employer Identification Number (US) or any other valid form of Tax Registration / Certificate (non-US)
Shareholder Registry	`shareholder_registry` (Required)	Comprehensive record of all equity holders, their ownership percentages, and any special rights or restrictions associated with their holdings.
Proof of Registered Address	`proof_of_registered_address` (Required)	Document that confirms your company’s registered legal address, as listed in official company registry filings.
Proof of Authorized / Operating Address	`proof_of_operating_address` (Required)	Document (dated within last 90 days) showing your company’s operating location (utility bill, lease agreement, etc).
Terms of Service	`terms_of_service` (Conditional)	Conduit’s Terms of Service acknowledged or signed by the end customer is required to be uploaded for account opening.
Bank Statements	`bank_statement`, `proof_of_funds` (Required)	Company’s three most recent bank statements, covering the last 90 days.
Authorization to act on behalf of Company	`corporate_resolution`, `power_of_attorney` (Required)	Document confirming the applicant is legally authorized to act on behalf of the company (Board Resolution, POA, etc).
Proof of Regulatory Authorization or License	`financial_regulatory_license` (Required if `isFinancialInstitution` is `true`)	Documentation confirming your company’s regulatory status (e.g., regulatory license, operating license).
Flow of Funds	`flow_of_funds` (Required if `isFinancialInstitution` is `true`)	Diagram or document outlining the entire flow of funds for your customers and company.
Independent AML or Compliance Program Audit Report	`independent_aml_audit_report`, `compliance_audit_report` (Required if `isFinancialInstitution` is `true`)	Independent AML or Compliance Program Audit reports.
Supporting documentation for institutional investors	`institutional_investors_shareholder_registry`, `cap_table` (Required if `hasInstitutionalInvestors` is `true`)	Documentation verifying the ownership of any institutional investors holding 5% or more equity (Shareholder registry, Cap table).

Business Onboarding Form

A comprehensive onboarding form is required to be filled out by the end customer. This form is used to assess the risk of the account and the customer.

Business Classification

Question	Description	API Field & Condition	Options / Notes
What is your company’s legal structure?	Choose the legal form of your business.	`businessEntityType` (enum) (Required)	See Enum Values
When was your company legally incorporated or registered?	Enter official date from formation documents.	`registeredDate` (string) (Required)	Format: `YYYY-MM-DD`
What industry best describes your company’s core operations?	Helps assess business model and risk category.	`industry` (enum) (Required)	See Enum Values
Please describe your industry	Industry description when “Other” is selected.	`describeIndustry` (string) (Required if `industry` = `Other`)	String
Does the company have a registered trade name (DBA)?	Trade name used different from legal name.	`hasDBA` (boolean) (Required)	`true` or `false`
What is the DBA Name?	Please provide the registered DBA name	`businessTradeName` (string) (Required if `hasDBA` = `true`)	String
Is your company publicly listed on a recognized stock exchange?	Whether your company is publicly listed.	`isStockExchangeListed` (boolean) (Required)	`true` or `false`
Which StockExchange?	Which StockExchange (s) is the company listed in?	`stockExchange` (enum) (Required if `isStockExchangeListed`= `true`)	See Enum Values
Please specify the stock exchange	Custom stock exchange name when “Other” is selected.	`stockExchangeOther` (string) (Required if `stockExchange` = `Other`)	String
What’s the ticker symbol?	What’s the company’s ticker symbol?	`tickerSymbol` (string) (Required if `isStockExchangeListed`= `true`)	String
What’s your business email address?	Primary business contact email.	`email` (string) (Required)	Valid email format
What’s your business website?	Company website URL.	`website` (string) (Required)	Valid HTTP/HTTPS URL
What’s your business phone number?	Primary business contact phone number.	`phone` (string) (Required)	E.164 format recommended
What is your company’s tax identification number?	Tax ID or EIN number.	`taxIdentificationNumber` (string) (Required)	String
What is your company’s business entity ID?	Official business registration or entity identifier.	`businessEntityId` (string) (Required)	String
Is your company a subsidiary?	Whether your company is a subsidiary of another entity.	`isSubsidiary` (boolean) (Required)	`true` or `false`
Is your company currently operating?	Whether your company is currently in operation.	`isOperating` (boolean) (Required)	`true` or `false`
What is your company’s registered address?	Official registered legal address.	`registeredAddress` (object) (Required)	Address object with `streetLine1`, `city`, `state`, `postalCode`, `country`
What is your company’s operating address?	Primary physical operating address.	`operatingAddress` (object) (Required)	Address object with `streetLine1`, `city`, `state`, `postalCode`, `country`
What is your company’s mailing address?	Mailing address if different from registered/operating address.	`mailingAddress` (object) (Optional)	Address object
What is your NAICS code?	North American Industry Classification System code (US businesses only).	`naicsCode` (string) (Required for US-based businesses)	6-digit code
How is your entity taxed?	Tax classification of your entity.	`entityTaxedAs` (enum) (Optional)	See Enum Values
What is your tax classification?	Additional tax classification information.	`taxClassification` (string) (Optional)	String

Business Activity & Risk Profile

Question	Description	API Field & Condition	Options / Notes
Terms of Service	Passing the acceptance of Conduit’s Terms of Service (ToS) programmatically.	`termsOfServiceAcceptance` (object) (Required)	Object requiring: `date`, `ipAddress`, `isAuthenticated`
What type of entity is your company?	The type of financial entity if applicable.	`entityType` (enum) (Optional)	See Enum Values
What is the purpose of this account with Conduit?	Intended use case(s).	`accountPurpose` (enum) (Required)	See Enum Values
Please describe the goods or services you intend to pay for	Short description of payments.	`accountPurposeDescription` (string) (Required if `accountPurpose` = `Payments for Goods or Services`)	String
Describe your business activities	Description of operations, products, services, and customer base.	`businessDescription` (string) (Required)	String
What products or services does your company offer?	Categories reflecting business model.	`productsOrServices` (array of enums) (Required)	See Enum Values
Does your company operate in or have exposure to high-risk industries?	Involvement or exposure to high-risk industries.	`highRiskIndustry` (enum) (Required)	See Enum Values
Please provide additional details about your business activities	Relevant context on high risk activities.	`highRiskIndustryDetails` (string) (Required if `highRiskIndustry` != `None`)	String
Is your company regulated, licensed, or providing financial services?	Includes money transmission, lending, etc.	`isFinancialInstitution` (boolean) (Required)	`true` or `false`
What is the name of your regulatory authority?	Regulatory body that licenses or regulates your company.	`regulatorName` (enum) (Required if `isFinancialInstitution` is `true`)	See Enum Values
Please List provide “other” Regulatory Body	If regulatory body is not listed in options.	`regulatoryAuthorityOther` (string) (Required if `regulatorName` = `Other`)	String
License Number or Registration ID	Official registered license number.	`regulatoryLicenseNumber` (string) (Required if `isFinancialInstitution` is `true`)	String
Does your company have an independent AML or Compliance Program Audit?	Boolean question about independent audit report	`hasIndependentAmlAuditReport.answer` (boolean) (Required if `isFinancialInstitution` is `true`)	`true` or `false`
Please explain why an independent AML or Compliance Program Audit has not been conducted	Explanation for lack of audit.	`hasIndependentAmlAuditReport.explanation` (string) (Optional - displayed if answer = `false`)	String
Please confirm if you are intending to obtain one	Expected timeline for audit.	`hasIndependentAmlAuditReport.timeline` (string) (Optional - displayed if answer = `false`)	String
Do you certify that the financial accounts being opened will be used exclusively for your company’s own treasury management?	Certification that accounts will not be used to process or hold third-party or customer funds without written approval.	`certifiesOwnTreasuryUse` (boolean) (Required)	`true` or `false`
Do you operate or transact on behalf of customer accounts, clients, vendors, contractors, or any other third parties?	Includes client funds, vendor payouts, escrow, pooled accounts.	`hasNestedFlows` (boolean) (Required)	`true` or `false`
Flow of Funds	Description of fund flow.	`flowOfFundsDescription` (string) (Required if `isFinancialInstitution` is `false`)	Financial institutions must upload a document instead.
Source of funds (primary driver)	Where funds flowing through the account primarily come from.	`sourceOfFunds` (enum) (Required)	See Enum Values
Please briefly describe the types of accounts or flows you manage	Please describe the nature of the flows you are facilitating for your customers (e.g. collecting funds from their end users, paying out to vendors, holding funds in escrow).	`nestedFlowDescription` (string) (Required if `hasNestedFlows` is `true`)	String
In which countries do you anticipate conducting 20%+ of your business?	Key geographic business activity.	`keyGeographicBusinessCountries` (array of strings) (Required)	Array of ISO 3166-1 alpha-3 country codes
Does your company have an advisor?	Whether your company has a financial or business advisor.	`hasAdvisor` (boolean) (Optional)	`true` or `false`

Transaction Volume, Financials & Operations

Question	Description	API Field & Condition	Options / Notes
Anticipated average monthly transaction volume (USD)	Estimated monthly flow of funds.	`anticipatedMonthlyVolume` (number) (Required)	Numeric value
Expected average daily balance (USD)	Estimated average daily balance.	`expectedAverageDailyBalance` (number) (Required)	Numeric value
Estimated number of transactions per month	Approximate monthly transaction count.	`anticipatedTransactionsVolume` (number) (Required)	Numeric value
Will your company use blockchain wallet addresses?	Whether crypto/blockchain addresses are used.	`usesBlockChainWallets` (boolean) (Required)	`true` or `false`
Blockchain Wallets	List of blockchain wallet addresses.	`blockchainWallets` (array of objects) (Required if `usesBlockChainWallets` is `true`)	See Enum Values
Are you currently generating revenue?	Revenue status.	`isGeneratingRevenues` (boolean) (Required)	`true` or `false`
If yes, revenue covers:	Revenue coverage as percentage of expenses.	`revenueCoverage` (enum) (Required if `isGeneratingRevenues` = `true`)	See Enum Values
Please provide a brief explanation	Explanation for low revenue coverage.	`revenueCoverageExplanation` (string) (Required if `revenueCoverage` = `Less than 25% of expenses`)	String
Does your company have institutional investors (VC or PE)?	Any VC, PE, or institutional investor owning ≥5%.	`hasInstitutionalInvestors` (boolean) (Required)	`true` or `false`
How many months of financial runway do you currently have?	Duration company can operate without new capital.	`runwayDurationMonths` (enum) (Required)	See Enum Values
Please provide a brief explanation for financial runway	Eg: upcoming fundraise.	`runwayDurationExplanation` (string) (Required if `runwayDurationMonths` is less than 12 months)	String
What is your company’s current cash on hand?	Estimated total liquid cash reserves (USD).	`cashOnHandUsd` (number) (Required)	Numeric value

2. Control Person Documents (KYC)

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

Identity Verification

Each control person must submit at least one of the following valid identity documents:

Document Type	Code & Condition	Description
National ID	`national_id` (Optional - one required)	Government-issued national identification card.
Passport	`passport` (Optional - one required)	Valid international passport.
Resident Card	`resident_card` (Optional - one required)	Official residency permit or card.
Driver License	`driver_license` (Optional - one required)	Valid driver’s license.
Visa	`visa` (Optional - one required)	Valid visa document.

Proof Of Address

In addition, each control person MUST also provide a proof_of_address document dated within the last 90 days, such as a utility bill, lease agreement, vendor invoice, or bank statement.

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:

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.

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.

Business Requirements

Requirement	API Field & Condition	Description
US Bank Account Status	`hasUsBankAccount` (boolean) (Required for non-US businesses, Optional for US businesses)	You must declare whether the business has an existing US bank account. Required for non-US businesses.
Denied US Bank Account	`deniedUsBankAccount` (object) (Required if `hasUsBankAccount` is `false`)	You must disclose if the business has ever been denied a US bank account. If yes (`answer`=`true`), an `explanation` is required.
Business Audit History	`businessAuditHistory` (object) (Required)	Must disclose any history of tax audits, regulatory sanctions, or law enforcement actions. If yes (`answer`=`true`), an `explanation` is required.
Owners Audit History	`ownersAuditHistory` (object) (Required)	Must disclose any personal audit or sanction history for owners, directors, or officers. If yes (`answer`=`true`), an `explanation` is required.
PEP Involvement	`pepInvolved` (object) (Required)	Must disclose if any owner, director, or officer is a Politically Exposed Person (PEP). If yes (`answer`=`true`), a detailed `explanation` is required.

Control Person Requirements

Requirement	API Field & Condition	Description
Tax Residency	`taxResidencyCountry` (string) (Mandatory)	The field is mandatory for all non-US control persons. Must be a valid ISO 3166-1 alpha-3 code (e.g., `GBR`, `FRA`, `DEU`).
SSN Restrictions	`ssn` (Forbidden)	Non-US control persons must not provide a Social Security Number (SSN).
Immigration Status	`immigrationStatus` (Forbidden)	The 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).

Getting started

Guides

Developer Tools

Before You Start

Minimum Required Documents

For Financial Institutions (additional)

For Each Control Person

1. Business Documents (KYB)

Mandatory Requirements

Business Onboarding Form

Business Classification

Business Activity & Risk Profile

Transaction Volume, Financials & Operations

2. Control Person Documents (KYC)

Identity Verification

Proof Of Address

Role-Based Requirements

3. Non-US Onboarding Requirements

Business Requirements

Control Person Requirements

​Before You Start

​Minimum Required Documents

​For Financial Institutions (additional)

​For Each Control Person

​1. Business Documents (KYB)

​Mandatory Requirements

​Business Onboarding Form

​Business Classification

​Business Activity & Risk Profile

​Transaction Volume, Financials & Operations

​2. Control Person Documents (KYC)

​Identity Verification

​Proof Of Address

​Role-Based Requirements

​3. Non-US Onboarding Requirements

​Business Requirements

​Control Person Requirements

Before You Start

Minimum Required Documents

For Financial Institutions (additional)

For Each Control Person

1. Business Documents (KYB)

Mandatory Requirements

Business Onboarding Form

Business Classification

Business Activity & Risk Profile

Transaction Volume, Financials & Operations

2. Control Person Documents (KYC)

Identity Verification

Proof Of Address

Role-Based Requirements

3. Non-US Onboarding Requirements

Business Requirements

Control Person Requirements