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This article provides a detailed overview of the documents required to complete the Entity Verification process for your XT account.
What is Entity Verification?
Entity Verification is an essential part of the KYB (Know Your Business) process on XT, aimed at verifying business and institutional accounts. This process helps XT accurately assess compliance risks and maintain a secure and trustworthy trading environment for all users.
By completing Entity Verification, XT protects against fraud, money laundering, and other illicit activities. It ensures businesses meet regulatory requirements, mitigates risks, and supports effective risk management. Through robust Entity Verification procedures, XT enhances transparency, trust, and security across its platform.
Required Documents for Entity Verification
1. Board Meeting Documents
Official records of company board meetings, demonstrating decisions made by the company’s governing body. Company stamps and signatures are required.
2. Company Bylaws or Operating Rules
The internal rules and regulations that govern the company’s operations and management structure.
3. Company Registration Certificate
An official certificate issued by the government confirming the legal registration of the company.
4. Shareholders’ Register Copy
A document listing all shareholders, showing their ownership stakes in the company.
5. Directors’ Register Copy
A record of all current directors responsible for managing the company.
6. Identification Documents (Passport Only) for Directors, Authorized Representatives, Management Personnel, and Ultimate Beneficial Owners (UBOs) Holding 25% or More
Valid passports to verify the identity of key individuals involved in the company, including those who hold significant ownership (25% or more).
7. Company Structure Chart Showing All Ultimate Beneficial Owners
An organizational diagram outlining the company’s ownership structure, clearly identifying individuals who ultimately own or control the business.
8. Screenshot of Company Registration Information from the Official Government Website (Including the Date of Inquiry)
A recent, dated screenshot from the government database that publicly displays the company’s registration details, used to verify current status.
Frequently Asked Questions (FAQs)
1. Can I use my registered agent's address as the business address?
No, you should provide the actual operating address of your business.
2. What if I operate my business remotely from home?
If the business is operated from home, you will need to fill in the residential address where the business is operated as the office address.
3. Are scanned copies of documents acceptable?
Yes, high-quality scanned copies are generally acceptable. Ensure that all information is clear and legible.
4. What if my business underwent a name change?
If your business has undergone a name change, please provide a Certificate of Change of Name showing the original name, the new name, and the date of the change. Kindly send this information and the document to our support team at support@xt.com for further assistance.
5. What should I do if I have additional questions?
For assistance, contact our support team at support@xt.com.