KYC & KYB Requirements

Know your customer and know your business compliance information and requirements.

Overview

• KYC Requirement (Individual) – See KYC Requirement
• KYB Requirement (Business) – See KYB Requirement
• Onboarding Frameworks – See Onboarding Frameworks

KYC Requirement (Individual)

Required Information

At minimum, individuals must provide:

• Full legal name
• Date of birth
• Residential address (no P.O. boxes)
• Phone number (non-VoIP)
• Email address
• Government-issued photo ID (unexpired, front & back)
• Social Security Number or other taxpayer ID
• Bank account details (if transacting in fiat)

Verification Standards

• ID must be valid, legible, and issued by U.S. authorities
• Proof of address must be recent (utility bill or bank statement, ≤ 3 months old)
• Liveness/selfie checks must match submitted ID
• Inconsistent or missing information may trigger rejection or Enhanced Due Diligence

Tiered Spending Limits

Adesic applies escalating KYC checks based on transaction volume (see KYC/CDD Policy for full detail):

Individual Identity Verification

Accepted documents:

• Passports (globally accepted)
• Driver’s licenses (US, EU, and UK issued only)
• National ID cards (EU issued only)

Proof of address:

• Utility bill or bank statement (issued within last 3 months)
• Must clearly show customer’s name and residential address

Verification Standards:

• ID must be government-issued, valid, and readable
• Proof of address must be recent and match provided address
• Selfie/liveness checks must align with submitted ID
• Missing or inconsistent info may trigger further checks or rejection

KYB Requirement (Business)

Adesic verifies the existence, legal status, ownership, key personnel, and UBOs (Ultimate Beneficial Owners) of all entity customers.

Business Documents by Entity Type

Adesic requires businesses to provide ownership and constitutional documents depending on entity type. All documents must be:

• Issued by a government authority or certified professional
• Verifiable online or with notary/legal certification
• Recent (≤ 3 months old)
• Accompanied by certified translations if not in English
• Include clear ownership charts for multi-layer entities

Entity-Specific Requirements

• Sole Proprietorships: Business license/registration + recent tax filings
• Partnerships: Certified partnership agreements + registration certificates
• LLCs/Corporations: Articles of Incorporation + shareholder register + share certificates + financial statements
• Trusts: Trust deed + trustee affidavit
• Nonprofits / Cooperatives: Formation and governance documents + certified member lists/reports
• DAOs: Governance documents + membership agreements
• Regulated Entities: Must also provide valid regulatory licenses, AML/CTF policy and procedures, and proof of independent audits

Prohibited Businesses

Adesic will not onboard or service businesses in certain industries (e.g., weapons, gambling, illicit drugs, shell entities).

For the most up-to-date prohibited industries list, see our Compliance Policy – Prohibited Businesses .

Onboarding Frameworks

Adesic supports multiple onboarding models depending on customer type, integration needs, and compliance requirements. These models fall into two categories:

1. Direct Onboarding (Adesic ↔ Customer)
2. Partner/Embedded Onboarding (Adesic ↔ Business ↔ End-User)

1. Direct Onboarding (Individuals & Businesses)

Direct onboarding applies to all customers who have a direct relationship with Adesic.

• Individuals and businesses sign up and complete verification directly through the Adesic website using our hosted onboarding flow.
• This includes all standard customers, small–mid-size businesses, and most partners.

Enterprise Clients

For large enterprise institutions, onboarding begins by contacting Adesic Sales & Support to be connected with a representative who will guide the enterprise KYB and integration process.

2. Partner & Embedded Onboarding (B2B2C / B2B2B)

Partners who use Adesic to move money on behalf of their own customers must first complete their own onboarding through the Direct or Enterprise onboarding process above.

Once the partner is approved, they may onboard their end-customers using one of three supported methods:

Hosted KYC/KYB Link

Recommended for most partners

Partners can generate a hosted onboarding link via Adesic’s Website or API. The link directs the end-customer to a complete verification flow powered by Sumsub.

How it works:

1. Partner calls our Website or API to create a verification session.
2. The Website or API generates a unique onboarding URL.
3. Partner sends the link to their customer (email, SMS, in-app, etc.).
4. Customer completes all KYC/KYB steps through the hosted Sumsub flow.
5. Adesic receives the verified data and provides an approval decision.

Use cases:

• Fastest onboarding method
• Minimal compliance overhead
• Ideal for B2C and mixed B2B/B2C platforms

Partner-Collected Data via API Submission

In this model, the partner collects all KYC/KYB data inside their own platform and submits it to Adesic through API endpoints.

How it works:

• Partner gathers required compliance documents and identity data (ID images, business documents, UBO details, etc.).
• Partner uploads all data via Adesic’s API.
• Adesic performs verification and returns an approval decision.

Use cases:

• Regulated platforms already performing KYC/KYB
• White-label or deeply embedded onboarding flows
• Businesses requiring full UX control
• Integration requires more engineering and compliance resources

Sumsub Reusable KYC (Trilateral Data-Sharing Agreement)

Enterprise-only; requires legal and compliance approval

This model uses Sumsub’s reusable KYC networks, allowing customers to re-use identity profiles across multiple platforms.

How it works:

1. Adesic, Sumsub, and the enterprise partner sign a trilateral data-sharing agreement.
2. The partner verifies customers through Sumsub’s reusable KYC network.
3. Sumsub securely shares verified profiles with Adesic.

Notes:

• Requires legal, compliance, and technical configuration
• Only offered to high-volume or enterprise institutions
• Not available for standard/self-serve integrations

Reference:

Sumsub Reusable KYC Documentation 

Choosing the Right Onboarding Method