Businesses

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To onboard a business, Bridge is required to collect and verify information about the business and its ownership.

Standard Business Onboarding Requirements

• Legal Entity Name

• Registered Address

• Principal Operating Address

• EIN/TIN (or non-US equivalent identification number)

• Business Entity Type

• Business Formation Documents

• Business Ownership Documents

• KYC on all Beneficial Owners and/or Control Owners (per US or International requirements)

  • All Ultimate Beneficial Owners (UBO): Individual or entity that has complete ownership and control over a business, institution, or legal entity
  • or Control Person (if different than the Ultimate Beneficial Owners): an individual with significant responsibility to control or direct business; typically an executive officer (CEO, CFO, COO, President)

• Proof of Address Documents (if applicable–Individuals and Business)

• Business Description

• Business Website

• Disclosure of Customer Money Transmission

  • If moving customer funds, explanation of compliance screening

• DAO Status

Enhanced Business Onboarding Requirements

Includes Standard Business Onboarding Requirements plus:

• Source of Funds
• Estimated Annual Revenue
• Disclosure of High Risk Activities
• Disclosure of High Risk Geographies (Cuba, Iran, Myanmar, North Korea, or Syria)
• Primary Account Purpose
• Expected Monthly Transaction Volume (USD)

Please note that Bridge may request the following information in specific instances where additional diligence is required:

• Proof of Funds (e.g. bank statements)
• Proof of Operating Activity (e.g. bills of lading, invoices, receipts, commercial contracts)
• Licensing information for businesses operating in regulated industries
• Ad-hoc requests