KYB
Update financial institution
Update the financial institution process for a business user. This process is required when the business operates in the financial-institutions-and-money-services industry sector.
PATCH
This endpoint is currently available in Sandbox only. It is not yet available in Production.
financial-institutions-and-money-services sector in its profile. For every other sector the process is exempt and there is nothing to submit.
Fields
The process combines free-text declarations with supporting documents:regulatorsAndLicenses: who the business is regulated by, and what licenses it holds.moneyTransmitterLicenses: the business’s money transmitter license numbers and issuers. Relevant for US money transmitters.compliancePolicies: the file evidencing the business’s compliance policies.amlAudit: the file evidencing the business’s most recent AML audit.mlroDocumentation: the file evidencing the appointment and responsibilities of the business’s Money Laundering Reporting Officer.