KYB for your customers

To start transacting on Conduit’s platform, your customers must complete  Know Your Business (KYB) verification. This process ensures compliance with international regulations and helps us verify your business’s legitimacy. For this, we use Aiprise, a secure and efficient platform specifically designed to handle KYB submissions.

Aiprise is built with advanced security measures to protect your sensitive information. We use this platform to KYB Non-Financial Businesses to focus on verifying legitimacy and ownership structure, with a faster process and fewer required documents.

Documents Required

For Non-Financial Businesses:

• Business Registration Document
• Shareholders Registry
• Bank Statement
• Balance Sheet
• Tax Certificate
• Proof of Address
• Flow of Funds
• Additional optional documents: Power of Attorney, Company Structure Chart, Directors Registry

Steps to Complete KYB on Aiprise

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1. Company Info

Provide your company’s legal name, business entity number, and tax ID.

2. Company Address‍

Enter the registered address of your company.

3. Company Questionnaire‍

Answer questions about your business operations, activities, and compliance practices.

4. Beneficial Owners, Directors, and Legal Representative‍

Submit information about all UBOs, directors, and legal representatives.

Upload government-issued IDs (front and back) for each.

5. Related Companies‍

Disclose any companies related to your business, such as subsidiaries or parent companies.

6. Documents‍

Upload required documents based on your business type (see the next section for specifics).

7. Risk Questionnaire‍

Complete a risk assessment questionnaire to ensure compliance with regulatory requirements.

9. Consent‍

Review and accept the terms and conditions to complete your submission.

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What You Can Do After Submission

Track Your Submission: Use the Aiprise platform to monitor the status of your KYB application in real time.

Respond to Notifications: If additional documents or clarifications are required, you will receive automated alerts to ensure your application stays on track.

Ensure Updates: Check for any updates or confirmations directly through Aiprise to finalize the process efficiently.