KYB Service - FAQs for Business Users

1. Are you using the KYB Form of a third party to collect our company profile?

No, the KYB Form is developed and owned by Blockpass. Therefore, your company information shared with Blockpass is directly received and stored in the Blockpass database.

2. I submitted the KYB Form, but would like to change a document on that. Can I edit the previous KYB submission?

Unfortunately, you cannot edit your previous submission. Once we verify your submitted KYB profile, we will send you an email to ask for any relevant or missing documents required to complete your KYB report. If you need to update the document or if you have any inquiries, please contact us at kyb@blockpass.org.

3. I am the Authorised Representative but wish to assign that role to another colleague, can I?

Yes, you can confirm via email with a reasonable reason. However, the nominated Authorised Representative must be one of the controllers listed in your KYB submission (for example, the director). 

4. If I log out during the KYB submission process, will my data be saved so I can continue later without starting over?

Yes, any data you have already uploaded will be securely stored. When you log back in, you will be able to view the current status of your submission and continue the process from where you left off.

5. Could you please provide an example of what information about our company will be shared/ included in a KYB report?

A KYB report includes the information and documents collected during your submission and our verification process. This encompasses:

• Submitted Information and Documents: This includes all the data and files you provided through the KYB form, such as company name, registered address, incorporation documents, and details of your Authorised Representative and Controllers.
• Verification Results: The outcomes of the checks we perform, categorized as follows:
  • Document Validation: Confirmation of the authenticity and validity of the corporate documents you submitted.
  • Data Comparison: Assessment of the consistency and accuracy of the information provided across different fields and documents.
  • Company AML Check: The result of the AML screening conducted on your company.
  • Individual KYC Verification: The outcomes of the KYC checks performed on the Authorised Representative and Controllers (e.g., directors, shareholders, beneficial owners).
  • Crypto AML Check (if applicable): The result of the Crypto AML check for the provided wallet address(es). 
     

6. Our Business already has a complete KYB report with Blockpass. Can I reuse it to share with your other customers?

To share your company profile with another service, you will need to resubmit your up-to-date information via the specific KYB form provided by that service. Each service will verify your company based on the data you directly submit to them. Learn more in this article.