> ## Documentation Index
> Fetch the complete documentation index at: https://clear.nfigate.com/docs/llms.txt
> Use this file to discover all available pages before exploring further.

# KYB Flow

> Know Your Business (KYB) verification is a comprehensive 8-step process for verifying corporate entities and their beneficial owners.

## Overview

```mermaid theme={null}
flowchart TD
    A[Create Verification] --> B[User Receives Link]
    B --> C[Step 1: Company Info]
    C --> D[Step 2: Entity Type]
    D --> E[Step 3: Business Details]
    E --> F[Step 4: Document Upload]
    F --> G[Step 5: Financial Info]
    G --> H[Step 6: Connected Parties]
    H --> I[Step 7: Corporate Governance]
    I --> J[Step 8: Review & Submit]
    J --> K[Pending Review]
    K --> L{Decision}
    L -->|Approved| M[Verification Complete]
    L -->|Rejected| N[Verification Failed]
    L -->|Action Needed| O[Request Changes]
    O --> C
```

## Steps Detail

### Step 1: Company Info

Basic contact information:

* **Legal Entity Name** - Full legal name of the company
* **Contact Name** - Primary contact person
* **Contact Channel** - Telegram, WhatsApp, WeChat, or Email
* **Contact Info** - Phone number or email address
* **Sales Representative** - Your internal sales rep (if applicable)
* **Language** - Preferred communication language

### Step 2: Entity Type

Selection of business structure:

* **Corporation**
* **Partnership**
* **Trust**
* **Foundation**
* **Non-profit Organization**
* **Government Entity**

<Info>
  Different entity types may require different documents in subsequent steps.
</Info>

### Step 3: Business Details

3 sub-steps for comprehensive business information:

#### Sub-step 3.1: Location

* Country of incorporation
* Operating countries (multiple allowed)

#### Sub-step 3.2: Source of Funds

* Primary sources of business revenue
* Investment sources

#### Sub-step 3.3: Business Nature

* Nature of business (dropdown)
* Custom description if "Others" selected

### Step 4: Document Upload

4 sub-steps for corporate documentation:

#### Sub-step 4.1: Basic Information

* Company name (English)
* Company name (Chinese, if applicable)
* Previous name (if changed)
* Date of establishment
* Registration number
* Website URL

#### Sub-step 4.2: Address

* Registered address
* Proof of registered address document
* Business address (if different)
* Proof of business address document

#### Sub-step 4.3: Corporate Documents

* Certificate of Incorporation
* Articles of Association
* Employment Certificate
* Certificate of Good Standing

#### Sub-step 4.4: Additional Information

* Any additional notes
* Supporting documents

### Step 5: Financial Information

3 sub-steps for financial details:

#### Sub-step 5.1: Source of Funds

* Source of funds types (multiple)
* Source of wealth
* Other details

#### Sub-step 5.2: Financial Details

* Tax ID
* VAT/GST number
* Estimated annual turnover
* Estimated net assets
* Estimated liquid assets
* Trading activity duration
* Monthly trading volume

#### Sub-step 5.3: Additional

* Account purpose
* Additional financial information

### Step 6: Connected Parties

4 sub-steps for beneficial ownership:

#### Sub-step 6.1: Structure Level

* Organizational structure complexity:
  * Simple Structure (≤ 3 layers)
  * Multiple Structure (4 layers)
  * Complex Structure (> 4 layers)
* Shareholders' registered locations

#### Sub-step 6.2: Applicable Roles

Select applicable party types:

* **Director** (required)
* **Authorized Person** (required)
* **Ultimate Beneficial Owner (UBO)** (optional)
* **Principal** (optional)
* **Trustee** (optional)
* **Beneficiary** (optional)
* **Corporate Shareholder** (optional)

#### Sub-step 6.3: Personnel Information

For each selected role, add personnel with:

* First and last name
* Email and phone
* Nationality
* ID type and number
* Job position
* Proof of Identity (POI) document

<Info>
  Personnel can be reused across multiple roles. Once added as a UBO, they can be quickly assigned as Director without re-entering details.
</Info>

#### Sub-step 6.4: Additional Information

* Additional notes about connected parties
* Supporting documents

### Step 7: Corporate Governance

2 sub-steps for governance structure:

#### Sub-step 7.1: Governance Questions

* **Governance Structure Chart** (required upload)
* **DAO/Decentralized Governance** - Yes/No question
* **Client Due Diligence** - Whether due diligence on own clients has been conducted

#### Sub-step 7.2: Additional Information

* Additional governance notes
* Summary and confirmation

### Step 8: Review & Submit

Final review of all information:

* Summary of all sections
* Document previews
* Edit any section
* Final submission

## Status Tracking

### Progress Steps

| Step | Name                 | Sub-steps                                       |
| ---- | -------------------- | ----------------------------------------------- |
| 0    | Company Info         | -                                               |
| 1    | Entity Type          | -                                               |
| 2    | Business Details     | Location, Source of Funds, Business Nature      |
| 3    | Document Upload      | Basic Info, Address, Corporate Docs, Additional |
| 4    | Financial Info       | Source of Funds, Financial Details, Additional  |
| 5    | Connected Parties    | Structure, Roles, Personnel, Additional         |
| 6    | Corporate Governance | Governance Questions, Additional Info           |
| 7    | Review & Submit      | -                                               |

### Sub-step Tracking

The API tracks progress within each step:

```json theme={null}
{
  "progress": {
    "currentStep": 5,
    "currentAccountTypeStep": 3,
    "currentDocumentStep": 2,
    "currentFinancialStep": 1,
    "currentConnectedPartiesStep": 3,
    "currentCorporateGovernanceStep": 1
  }
}
```

## Submitted Data Structure

```json theme={null}
{
  "submittedData": {
    "companyInfo": {
      "contactName": "John Doe",
      "contactInfo": "+65 9123 4567",
      "contactChannel": "telegram",
      "legalEntityName": "Acme Pte Ltd",
      "salesRep": "Jane Smith",
      "language": "english"
    },
    "accountType": {
      "entityType": "Corporation",
      "incorpCountry": { "name": "Singapore" },
      "operatingCountries": [{ "name": "Singapore" }],
      "sourceOfFunds": [{ "name": "Business Revenue" }],
      "natureOfBusiness": "Software Development"
    },
    "documents": {
      "companyNameEn": "Acme Pte Ltd",
      "registrationNumber": "202012345K",
      "dateOfEstablishment": "2020-01-15",
      "registeredAddress": "1 Raffles Place, Singapore",
      "certificateOfIncorporation": "https://storage.../cert.pdf"
    },
    "financialInfo": {
      "sourceOfFundsTypes": ["Business Revenue"],
      "sourceOfWealth": ["Business Ownership"],
      "estimatedAnnualTurnover": "$1M - $5M",
      "accountPurpose": "Business Operations"
    },
    "connectedParties": {
      "structureLevel": "Simple Structure - <= 3 layers",
      "applicableRoles": ["director", "auth_person"],
      "connectedParties": [{
        "role": "director",
        "firstName": "John",
        "lastName": "Doe",
        "email": "john@acme.com",
        "nationality": { "name": "Singapore" }
      }]
    },
    "corporateGovernance": {
      "governanceChart": "https://storage.../chart.pdf",
      "isDAO": false,
      "conductedDueDiligence": true
    },
    "submittedAt": "2024-01-15T10:30:00Z",
    "subjectType": "KYB"
  }
}
```

## Time to Complete

| Step                 | Estimated Time    |
| -------------------- | ----------------- |
| Company Info         | 2-3 minutes       |
| Entity Type          | 1 minute          |
| Business Details     | 5-7 minutes       |
| Document Upload      | 10-15 minutes     |
| Financial Info       | 5-8 minutes       |
| Connected Parties    | 10-15 minutes     |
| Corporate Governance | 3-5 minutes       |
| Review               | 3-5 minutes       |
| **Total**            | **40-60 minutes** |

## Best Practices

1. **Prepare documents in advance** - Gather all corporate documents before starting
2. **Identify all connected parties** - Have UBO and director information ready
3. **Save progress** - The system auto-saves; users can resume later
4. **Review carefully** - All information is reviewed during the process
5. **Provide accurate data** - Inaccurate information causes delays

## Document Requirements

### Required Documents

* Certificate of Incorporation
* Proof of registered address
* Governance structure chart
* ID documents for all connected parties

### Optional Documents

* Certificate of Good Standing
* Employment Certificate
* Additional supporting documents

<Warning>
  Document requirements may vary by jurisdiction. Ensure all documents are current and valid.
</Warning>