Global KYB Asia UBO Initiate

Introduction

The Global KYB Asia UBO Initiate service is designed to streamline the process of identifying and verifying Ultimate Beneficial Owners (UBOs) across Asian jurisdictions. As part of the broader KYB (Know Your Business) framework, this solution enables businesses to initiate UBO checks efficiently, ensuring transparency in ownership structures and compliance with regulatory requirements.

Use Cases:

Merchant Onboarding and KYB Compliance: Streamlining the onboarding process for merchants is crucial for various industries, especially in e-commerce, finance, and payment processing sectors. This API facilitates quick and accurate verification of company details across multiple countries, aiding in Know Your Business (KYB) compliance and expediting the merchant approval process. It ensures businesses onboard legitimate entities, reducing risks associated with fraud or non-compliance.

International Business Partnerships and Due Diligence: For companies expanding or collaborating across borders, verifying the legitimacy and details of potential partners or clients is pivotal. This API enables swift access to essential company information, assisting in due diligence processes. It helps in evaluating the credibility of partners, ensuring compliance with regulatory requirements, and mitigating risks associated with international business ventures.

Financial Services and Risk Assessment: Financial institutions rely heavily on accurate company data for risk assessment, credit evaluation, and ensuring the integrity of their client base. This API expedites the retrieval of official company details, aiding in efficient risk analysis and assessment for loan approvals, credit scoring, and other financial services. It assists in making informed decisions while minimizing exposure to potential risks.

Supported Countries

Country	Country Code
Australia	AU
China	CN
Hong Kong	HK
Malaysia	MY
New Zealand	NZ
Singapore	SG
Taiwan	TW
Vietnam	VN

API Details

curl --location 'https://api.signzy.app/api/v3/global/kyb-asia-v2-ubo' \
--header 'Content-Type: application/json' \
--header 'Authorization: XXXXXXXXXXX' \
--data '
{
  "countryCode": "CN",
  "companyNumber": "911101163354814080",
  "uboDetails": {
    "threshold": "25",
    "layers": "1"
  },
  "notifyURL": ""
}'

API Input

Input Parameters

Input	Description	Data Type	Mandatory
countryCode	2 Letter ISO country code	string	Yes
companyNumber	Registration number of the company	string	Yes
uboDetails.threshold	Threshold above which an individual is considered a UBO Accepted values: 10, 15 and 25	string	Yes
uboDetails.layers	Number of layers to be uncovered for UBO Discovery. Higher the number of layers, higher RT and charges	string	Yes
notifyURL	Callback URL where data is pushed	string	No

Sample Response

{
    "result": {
        "requestId": "69e6158027cf11d5a5ebb053",
        "countryCode": "CN",
        "status": "PENDING",
        "message": "UBO request accepted"
    },
    "reason": "Request Successful",
    "code": "S001"
}

Sample Error

{
    "result": {},
    "reason": "Upstream error",
    "status": "failure",
    "code": "E401"
}

Error Response Parameters

Parameter	Description
result	Empty result object
reason	Reason for error
status	Status of the api
code	Error code from Signzy

Error Codes

HTTP Status Code	Error Code	Description
400	E001	Bad Request
401	E1001	Unauthorized Access
403	E201	Forbidden
404	E301	Data Not Found
409	E401	Upstream error
429	E501	Rate Limit Exceeded
500	E601	Internal Server Error
503	E701	Service Unavailable
504	E801	Timeout

Success Codes

HTTP Status Code	Success Code	Description
200	S001	Request Successful.
200	S003	Data not Found on source.

Getting help

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