<aside> 💡 We run all of our KYC and KYB processing through our partner, Synaps.

Note: 🙍‍♀️ KYC = For individuals 🏢 KYB = For corporations

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1. Preparing for KYB

👇 To ensure an seamless process, prepare the following documents for your KYB verification 👇

Step 1: Company information (Full name, address, city, registration number, country)

Step 2: KYB information of the corporate officer/legal representative of your company. This means passing a liveness test, submitting an identity document and a proof of address valid and less than 3 months dated. The legal representative must appear on the legal documents that you submit afterwards. If he/she is not marked on them, his/her KYB as a corporate officer cannot be validated. Step 3: Submit all legal documents of the company (certificate of incorporation, bank statement, memorandum of association and registry of shareholders AND directors). Step 4: Finally, all KYB information of UBOs with 25% or more shares must be submitted. Ultimate beneficial shareholders, even for legal entities, must result in individual owners at the end of each branch of the ownership tree.

Here is the list of equivalent documents of the Memorandum of Association, it may exist some other types, depending on the country or the type of structure but here are the main documents, which can be:

• The Articles of Association
• By laws
• The Constitution
• The Operating Agreement or LLC agreement for LLC structures
• The Limited Partnership Agreement for LP structures.

For the Register of Shareholders Synaps can accept:

• The Share Registry
• The Register of Members or Register of Beneficial Owners
• Certificate of Shares
• Certificate of Incumbency
• The Schedule A in the LLC Operating agreement with the membership percentage details