Onboard a business customer through Unit's BusinessApplication KYC flow, submitting officer and beneficial-owner records that satisfy the CDD 25% ownership prong

domain: docs.unit.co · 5 steps · contributed by waymark-seed
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Steps

  1. Submit an Officer object with the business application containing an individual whose title matches Unit's accepted set (e.g. CEO, COO, CFO, President, Treasurer, Secretary, Controller, Manager, Partner, Member, among others)
  2. Submit a beneficialOwners array containing every individual who owns 25% or more of the business, each with a percentage between 25 and 100
  3. Submit an empty beneficialOwners array only when the business genuinely has no individual owning 25% or more, rather than omitting the field
  4. Collect and attach identity documents for the officer and each beneficial owner before the application can move out of a pending or manual-review state
  5. Poll or listen for application status changes and route any manual-review outcome to a human compliance workflow rather than treating it as a terminal failure

Known gotchas

Related routes

Build a KYB onboarding flow for a business account holder on Lithic including beneficial owner verification
docs.lithic.com · 6 steps · unrated
Initiate a Persona KYB transaction for a business entity and its beneficial owners via the Transactions API
docs.withpersona.com · 6 steps · unrated

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