Overview
The KYB (Know Your Business) flow for the new USD rail includes enhanced compliance requirements and streamlined document upload processes. Business users must provide comprehensive information about their company and all Ultimate Beneficial Owners.The new USD rail requires using the updated flow. You must use the new
documentation endpoint to upload business documents. Failing to do so will
result in a 400 error when submitting the application.
Step 1: Create a Business User
Before providing additional details, you must first create a business user with basic company information. POST/v2/users
Step 2: Upload KYB Information
After creating the business user, you can provide the additional KYB information required for the USD rail. POST/v2/users/{userId}/kyb
Step 3: Add Ultimate Beneficial Owners (UBOs)
For business users, you must identify and provide information for all Ultimate Beneficial Owners who own 25% or more of the business. POST/v2/users/{userId}/kyb/ubos
Step 4: Upload Documentation
Business users must upload various documents including business registration, formation documents, and UBO identity documents.Upload Business Documents
POST/v2/files
Add Business Documents
POST/v2/users/{userId}/kyb/documents
Upload UBO Documents
For each UBO, you must upload their identity documents: POST/v2/users/{userId}/kyb/ubos/{uboId}/documents
Step 5: Check KYB Requirements (Optional)
You can use the “Check KYB Requirements” endpoint to verify any missing or invalid information before submitting the KYB application. GET/v2/users/{userId}/kyb/requirements
Step 6: Submit KYB
Once all required information has been submitted, you can now submit the KYB application to our new USD rail! POST/v2/users/{userId}/kyb/submissions
Step 7: Retrieve KYB Status
After submitting the KYB application, you can retrieve the latest screening result. GET/v2/users/{userId}/kyb/status