How to approve or reject the KYB identification?

Owned by Priit Aavik
Last updated: May 23, 2024
2 min read

 

1 - Reject button is to reject the KYB identification.

Rejecting KYB identification consists of 2 steps:

  1. On click on a “Reject” button, a modal including the list of rejection reasons will be shown.

  2. On click on a rejection reason, the KYB identification status will be changed to REJECTED.

Possible values for rejection reason:

  • Missing document

  • Invalid document

  • Expired document

  • Data does not match

  • Submitted unrelated document

  • Representative’s identification rejected

  • Other

2 - Approve button is to approve the KYB identification.

On click on a “Approve” button following checks will be performed:

  1. If all representatives' KYC status is APPROVED and / or externally verified.

  2. If all KYB related files status is data is correct.

  • If the checks are good then KYB identification status will be APPROVED.

  • If any of the checks fail then KYB identification status remains pending.

 

 

After clicking 1 - Reject button, a modal appears where rejection reason could be selected.

 

Selected rejection reason above will be indicated for the legal entity that is being identified and will be shown on top-right of the KYB identification card.