Cadana KYB Requirements

Cadana requires the following information to verify a business (“KYB”) and its principals (“KYC”). Automated verification is performed using gov databases. If verification cannot be completed automatically, supporting documents must be uploaded.

Endpoint:

Full API docs: Submit KYB

1. Business Requirements

Requirement	API Field	Verification Rules
Legal business name	`entityName`	Must exactly match the registered name on official government records.
Entity Type	`entityType`	e.g corporation, partnership, non profit, etc
Business address	`address.line1, address.city, address.state, address.postalCode, address.countryCode`	Must be a valid physical address; PO Boxes not allowed.
Phone number	`phone.countryCode, phone.number`	Must be a reachable business phone.
EIN / Tax ID	`taxIdentificationNumber`	Must be a valid IRS-issued EIN.
Incorporation Address	`incoporation.address.line1, incoporation.address.city, incoporation.address.state, incoporation.address.postalCode, incoporation.address.countryCode`	Must match corporate records.
Date Of Incorporation	`incorporation.date`	Must be a valid incorporation date.
Website URL	`websiteURL`	Must be a valid website.

2. Principal / UBO Requirements

You must provide information for individuals who:

own ≥25% of the business (ownershipPercentage ≥ 25), or
hold significant managerial responsibility (isExecutive = true)
at least one executive/representative is required to complete KYB

Requirement	API Field	Verification Rules
First Name	`principals[].firstName`	Must match ID document.
Last Name	`principals[].lastName`	Must match ID document.
Date of birth	`principals[].dateOfBirth`	Must be valid and ≥18 years old.
Email	`principals[].email`	Must be a valid email of the person.
Phone number	`principals[].phone.countryCode, principals[].phone.number`	Must be a reachable phone.
Residential address	`principals[].address.line1, principals[].address.city, principals[].address.state, principals[].address.postalCode, principals[].address.countryCode`	Must be a physical residential address; PO Boxes not allowed.
Identifier	`principals[].identifier.type, principals[].identifier.value`	Must be a valid Identifier. Type could be SSN/Passport.
Ownership %	`principals[].ownershipPercentage`	Required if the individual is an owner. Must be 0–1. With 1 meaning 100%
Executive flag	`principals[].isExecutive`	Required for the control person.
Executive Title	`principals[].title`	Required for the control person.
ID document (front)	`principals[].identityFileId`	Required if identity cannot be verified via SSN.
ID document (back)	`principals[].identityBackPageFileId`	Required if identity cannot be verified via SSN.
Address proof	`principals[].addressFileId`	Required if the residential address cannot be verified.

3. Required Business Document Uploads (Conditional)

Document Type	API Field	Trigger
IRS EIN confirmation letter (SS-4 or 147C)	`taxDocuments`	EIN mismatch or unverified tax ID.
Articles of Incorporation / Certificate of Formation	`articlesOfIncorporation`	Business registration mismatch.
Proof of business address	`proofOfAddress`	Business address cannot be verified.
Bank Statements	`bankStatements`	If Compliance requires it.

4. Verification Logic

Business Verification

Cadana must verify:

EIN is valid
Business exists and is active
Business address is accurate
No sanctions, fraud, or watchlist hits

If any field fails → document upload required.

Principal / UBO Verification

Cadana must verify:

Identity (name, DOB, SSN)
Address match (automated DB + address proof if needed)
Ownership or executive role
No sanctions/AML flags

If SSN-based verification fails → ID document required.
If address verification fails → address proof required.

5. Example KYB Submission

{
  "entityName": "Tesla",
  "entityType": "corporation",
  "taxIdentificationNumber": "NN-528343998",
  "incorporation": {
    "date": "2025-01-01",
    "address": {
      "line1": "Street 1",
      "line2": "Apt 1",
      "city": "Gotham",
      "postalCode": "10001",
      "state": "NY",
      "countryCode": "US"
    }
  },
  "phoneNumber": {
    "countryCode": "1",
    "number": "2345678901"
  },
  "websiteURL": "https://www.tesla.com",
  "address": {
    "line1": "Street 1",
    "line2": "Apt 1",
    "city": "Gotham",
    "postalCode": "10001",
    "state": "NY",
    "countryCode": "US"
  },
  "principals": [
    {
      "firstName": "John",
      "lastName": "Doe",
      "ownershipPercentage": 0.5,
      "email": "[email protected]",
      "phoneNumber": {
        "countryCode": "1",
        "number": "2345678901"
      },
      "address": {
        "line1": "Street 1",
        "line2": "Apt 1",
        "city": "Gotham",
        "postalCode": "10001",
        "state": "NY",
        "countryCode": "US"
      },
      "isExecutive": true,
      "title": "CEO",
      "dateOfBirth": "1990-01-15",
      "identifier": {
        "type": "passport",
        "value": "1234567890",
      }
    }
  ]
}

6. Document Upload Scenarios

Failed EIN Check

Upload:

taxDocuments → SS-4 or 147C (must show exact legal name + EIN)

Failed Business Address Verification

Upload:

proofOfAddress → utility bill, lease, or bank statement

Failed Principal Identity Verification

Upload:

principals[].identityFileId and principals[].identityBackPageFileId

Failed Principal Address Verification

Upload:

principals[].addressFileId