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KYB (Know Your Business)

Definition: A compliance process for verifying corporate entities, including their legal status, ownership structure, and financial legitimacy.

To ensure compliance and security, requires businesses to complete a Know Your Customer (KYC) verification process. This guide provides step-by-step instructions for submitting accurate business details and documentation.

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Step 1: Access the Onboarding Checklist

1. click on the complete KYC tab.

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   Step 2: Complete Business Information

2. Legal Business Name: Enter as registered (e.g., Penn Logistics).

3. Business Registration Number: Provide the official ID (e.g., PENN2245671BXI).

4. Business Type: Select the correct structure (e.g., Limited Liability).

5. Date of Incorporation: Input the registration date (e.g., 31/12/2002).

6. Business Address: Ensure consistency with official records.

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   Step 3: Upload Required Documents

Submit clear, unexpired copies of:

• Business Registration Certificate
• Recent Bank Statement (≤3 months old)
• Articles of Association
• Licenses/Permits (if applicable)

Format: PDF, JPG, or PNG (max.10MB)

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Step 4: Declare Ultimate Beneficial Owners (UBOs)

List all individuals owning shares with:

• Full legal name
• Contact details (email/phone)
• Ownership percentage

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Step 5: Review & Submit

1. Double-check all entries for accuracy.
2. Click “Update and Continue” to finalize.