Corporate KYC

Overview

Corporate KYC is the verification process for business accounts. It requires additional documentation beyond individual KYC to verify the company's legitimacy, structure, and beneficial ownership.

Corporate vs Individual KYC

Required Corporate Documents

Certificate of Incorporation

• Official government document proving company registration
• Shows company name, registration number, date of incorporation
• Must be current and valid

Memorandum of Association / Articles

• Company bylaws and structure document
• Shows company purpose, share structure
• Defines roles and responsibilities

Director Identification

• ID documents for all company directors
• Same requirements as individual Step 2
• Each director must be verified

Beneficial Owner Declaration

• Disclosure of ultimate beneficial owners (UBOs)
• Anyone owning 25% or more of the company
• Includes their ID documents

Proof of Business Address

• Company utility bill or bank statement
• Official government correspondence
• Must show registered business address

Verification Process

Step 1: Company Information

Review basic company details:

• Company name matches registration
• Registration number is valid
• Business address is consistent

Step 2: Company Documents

Verify registration documents:

• Certificate is authentic and current
• Memorandum/Articles are complete
• Documents match company name

Step 3: Director Verification

For each director:

• Verify ID document (same as individual KYC)
• Match name to company documents
• Check they are listed as director

Step 4: Beneficial Ownership

Review UBO declaration:

• All owners with 25%+ stake are listed
• UBO IDs are verified
• Ownership structure is clear

Common Issues

Document Mismatch

• Company name differs between documents
• Director not listed in company records
• Old/outdated registration documents

Incomplete Submissions

• Missing director IDs
• No beneficial owner declaration
• Address proof missing

Complex Structures

• Multiple layers of ownership
• Foreign parent companies
• Trust structures

Best Practices

1. Request the most recent company documents
2. Verify all directors, not just the primary contact
3. Understand the ownership structure before approving
4. Cross-reference company details across all documents
5. When in doubt, request additional clarification

Next Steps

• Verification Workflow — Overview of the individual verification process
• KYC Review — Detailed document review procedures
• Compliance Settings — Configure corporate document requirements