Can I perform KYC and AML checks? (Accounts, Users, Know Your Customer)

We have integrated with 3rd-party vendors to perform KYC/AML checks online. 

Here are our vendors:

1. Onfido
   • https://onfido.com/
   • https://documentation.onfido.com/watchlists/
2. North Capital (for US citizens only)
   • Resources attached

Data required to run checks: 

1. Onfido
   • First Name
   • Last Name
   • DOB
   • Identification Documents
   • Nationality and Country of Residence
2. North Capital 
   • First Name
   • Last Name
   • DOB
   • Address
   • SSN recommended
     • North Capital has an article here with more details: https://support.northcapital.com/knowledge/is-ssn-required-for-kyc/aml

How to initiate an account-level check:

1. Select Accounts from the left menu
2. Click into the account where you would like to run the check
3. Click View KYC Status
4. You will see a confirmation message appear
5. Click Yes

How to initiate a user-level check:

1. Select Accounts from the left menu
2. Click into the account where you would like to run the check
3. Choose the Users tab
4. Click on the pencil icon to edit the user
   • Ensure all required information is provided
     • Clicking the Is Associated Person checkbox will expand additional required fields
     • If any new information is added, be sure to click Update User
5. Click View KYC Status 
6. You will see a confirmation message appear
7. Click Yes

NOTE: You have the ability to choose which users will need KYC/AML checks. Checks will not automatically be run on users unless:

• The provider is North Capital
  AND
• The user is marked as Primary

The KYC status will appear in the Account, as well as on the Transactions page.  

NOTE: You will only be invoiced on the number of checks you run. Here's the pricing.