Standard business onboarding requirements:
Legal Entity Name
Registered Address
Principal Operating Address
EIN/TIN (or non-US equivalent identification number)
KYC on all Beneficial Owners and/or Control Owners
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)
Required when conflicting location signals are detected such as the business claiming a low risk operating address when the control person resides in high risk region
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 Loula 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