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KYB Documentation Requirements

What documents are needed for KYB verification, accepted formats, and how to upload them through the merchant portal.

Written by Ryan O
Updated today

Overview

Before Anton can activate your merchant account, your business must complete Know Your Business (KYB) verification. This process confirms your business identity, ownership structure, and regulatory eligibility. KYB is a regulatory requirement -- it protects both your business and the recipients of your payouts.

Required Documents

The following documents are typically required during the onboarding process. Specific requirements may vary based on your business type, jurisdiction, and the corridors you plan to use.

Business Identity

  • Certificate of Incorporation (or equivalent registration document) -- Must show the legal entity name, registration number, and date of incorporation

  • Articles of Association / Operating Agreement -- Governing document that outlines the business structure

  • Proof of registered business address -- A utility bill, bank statement, or government correspondence dated within the last 3 months showing the registered address

Ownership and Control

  • Beneficial ownership declaration -- Identification of all individuals who own or control 25% or more of the business

  • Government-issued photo ID for each beneficial owner -- Passport, national ID card, or driver's license

  • Proof of address for each beneficial owner -- Utility bill, bank statement, or government correspondence dated within the last 3 months

Business Activity

  • Description of business activities -- How your business earns revenue and why you need cross-border payout capabilities

  • Expected transaction volumes -- Monthly payout volume estimates by corridor and currency

  • Source of funds declaration -- Documentation showing the origin of funds that will be used for payouts

Accepted Document Formats

  • File types: PDF, JPG, JPEG, PNG

  • Maximum file size: 10 MB per document

  • Quality: Documents must be legible with all text clearly readable. Avoid blurry photos or low-resolution scans.

  • Language: Documents in languages other than English must include a certified translation

Uploading Documents

All documents are uploaded through the merchant portal during the onboarding process:

  1. Log in to the merchant portal

  2. Navigate to the Onboarding section

  3. Follow the 8-step application wizard

  4. Upload documents at each relevant step -- the portal indicates which documents are required

  5. Submit your application for review when all steps are complete

Documents are encrypted in transit and at rest. They are stored securely and accessible only to Anton's compliance team for review purposes.

Review Timeline

After submitting your application, Anton's compliance team reviews your documents within 3-7 business days. The timeline depends on the complexity of your business structure and the completeness of your submission. If additional information is needed, you will receive a Request for Information (RFI) through the merchant portal.

Tips for a Smooth Review

  • Ensure all documents are current and not expired

  • Provide complete documents -- partial uploads or cropped images will be rejected

  • Respond to RFIs promptly, as open RFIs block your application from proceeding

  • If your business structure is complex (multiple subsidiaries, trusts, or nominee shareholders), prepare supporting documentation in advance

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