Verifying Businesses

This guide walks you through the process of verifying a business profile on the platform, ensuring compliance with KYB regulations.

Understanding the Business Profile Interface

The business profile interface includes the following tabs:

  • Verification: Displays the business’s details and documents.
  • Transactions: Shows transaction history (available if the business is approved).
  • Notes: Allows adding and viewing notes about the business.

Reviewing the Verification Tab

In the Verification tab, you will find the business’s information and uploaded documents. Review these to ensure accuracy and compliance.

  • Business Information: Displays fields such as the incorporation number, tax number, address, and country.
  • Documents: Lists all uploaded documents like incorporation certificates. You can view these documents in PDF or image format.

Starting the Verification Check

To begin the verification:

  • Click Start Check.
  • Review each document and piece of information, marking them as Approved, Pending, or Rejected.

Handling Documents and Information

For each document and field:

  • Approve the item if it meets the required standards.
  • Mark as pending if further information is needed.
  • Reject if the information is incorrect or insufficient.

Submitting the Verification Decision

Once you’ve reviewed all items:

  • Approve the business if everything is in order.
  • Reject the business if it fails to meet verification standards.
  • Request a resubmission if additional documents or information are required.

Resubmission Process

If resubmission is necessary, specify which documents or fields need to be corrected. The business will be prompted to update their information.

Managing the Verification Status

A business can have the following statuses:

  • Pending: Verification is still in progress.
  • Approved: The business has successfully passed verification.
  • Rejected: The business has failed to meet the necessary requirements.
  • Resubmission: The business needs to submit additional information.

Finalizing the Verification

Once the verification is complete and the business has met all requirements, update the status to Approved. The business will now be able to proceed with transactions on the platform.