To verify an account holder's legal entity, Adyen requires them to provide information about:
- Their organization.
- The individuals associated with their organization.
- Their bank account, when required for a use case. For example, in use cases that involve moving funds between balance accounts and bank accounts.
Identifying individuals associated with an organization
As part of the checks, Adyen verifies the identity of individuals that are associated with an organization. We refer to these individuals as ultimate beneficial owners (UBOs) and signatories. The table below describes the criteria for identifying them, and the minimum required number for each.
| Who | Criteria | Required number of individuals |
|---|---|---|
| UBOs through ownership | Individuals who directly or indirectly own 25% or more of the total shares, voting rights or other equity in the organization. | Between zero to four. Adyen requires information about all individuals that fit the criteria. If no one owns 25% or more of the organization, then information must be provided about UBOs through control. |
| UBOs through control | Any individuals who exercise ultimate effective control in making decisions for the whole organization. If such an individual cannot be identified, then members of senior management must be identified as UBOs through control. | At least one. Required if no one fits the criteria of UBO through ownership, or if the organization is operating in the United States. |
| Signatories | Officers or representatives who legally represent the organization towards Adyen and are authorised to enter a binding agreement with Adyen on behalf of their organization. | At least one. |
Required information based on country
To see the required information and corresponding fields that you should send in the Legal Entity Management API, select the country or region from the drop-down list below.
uiComponent-dropdownAndTabs
{
"dropdownOptions":[
{
"id":"EU",
"displayName":"EU countries",
"imageName":"",
"tabs":[
{
"displayName":"Organization",
"sections":[
{
"displayName":"Organization",
"fields":[
"organization.type (See note 1)",
"organization.legalName",
"organization.doingBusinessAs (Optional)",
"organization.registrationNumber",
"organization.taxId (See note 2)"
]
},
{
"displayName":"Registered address",
"fields":[
"organization.registeredAddress.country",
"organization.registeredAddress.stateOrProvince",
"organization.registeredAddress.city",
"organization.registeredAddress.postalCode",
"organization.registeredAddress.street",
"organization.registeredAddress.street2"
]
},
{
"displayName":"Principal place of business (if different from registered address)",
"fields":[
"organization.principalPlaceOfBusiness.country",
"organization.principalPlaceOfBusiness.stateOrProvince",
"organization.principalPlaceOfBusiness.city",
"organization.principalPlaceOfBusiness.postalCode",
"organization.principalPlaceOfBusiness.street",
"organization.principalPlaceOfBusiness.street2"
]
},
{
"displayName":"Entity association",
"comment":"The following information is required when linking individuals to the organization.",
"fields": [
"jobTitle (Required for UBOs through control and signatories)"
]
}
]
},
{
"displayName":"UBOs and signatories",
"sections":[
{
"displayName":"Individuals connected to the organization",
"comment":"The following information is required for the ultimate beneficial owners and signatories.",
"fields": [
"individual.name.lastName",
"individual.name.firstName",
"",
"individual.identificationData.number (See note 3)",
"individual.identificationData.type (See note 3)",
"individual.birthData.dateOfBirth",
"",
"individual.residentialAddress.country",
"individual.residentialAddress.stateOrProvince",
"individual.residentialAddress.city",
"individual.residentialAddress.postalCode",
"individual.residentialAddress.street",
"individual.residentialAddress.street2",
"",
"individual.nationality (Required for signatories)",
"individual.email (Required for signatories)",
"individual.phone.type (Required for signatories)",
"individual.phone.countryCode (Required for signatories)",
"individual.phone.number (Required for signatories)"
]
}
]
},
{
"displayName":"Bank account",
"sections":[
{
"displayName":"Bank account",
"fields":[
"bankAccount.countryCode",
"bankAccount.currencyCode",
"bankAccount.iban"
]
}
]
}
]
},
{
"id":"US",
"displayName":"US - United States",
"imageName":"us.png",
"tabs":[
{
"displayName":"Organization",
"sections":[
{
"displayName":"Organization",
"fields":[
"organization.type (See note 1)",
"organization.legalName",
"organization.taxInformationNumber"
]
},
{
"displayName":"Registered address",
"fields":[
"organization.registeredAddress.country",
"organization.registeredAddress.stateOrProvince",
"organization.registeredAddress.city",
"organization.registeredAddress.postalCode",
"organization.registeredAddress.street",
"organization.registeredAddress.street2"
]
},
{
"displayName":"Principal place of business (if different from registered address)",
"fields":[
"organization.principalPlaceOfBusiness.country",
"organization.principalPlaceOfBusiness.stateOrProvince",
"organization.principalPlaceOfBusiness.city",
"organization.principalPlaceOfBusiness.postalCode",
"organization.principalPlaceOfBusiness.street",
"organization.principalPlaceOfBusiness.street2"
]
},
{
"displayName":"Entity association",
"comment":"The following information is required when linking individuals to the organization.",
"fields": [
"legalEntityId (ID of an individual legal entity",
"jobTitle (Required for UBOs through control and signatories)"
]
}
]
},
{
"displayName":"UBOs and signatories",
"sections":[
{
"displayName":"Individuals connected to the organization",
"comment":"The following information is required for ultimate beneficial owners and signatories.",
"fields": [
"individual.name.lastName",
"individual.name.firstName",
"",
"individual.identificationData.number (full 9 digits of SSN)",
"individual.birthData.dateOfBirth",
"",
"individual.residentialAddress.country",
"individual.residentialAddress.stateOrProvince",
"individual.residentialAddress.city",
"individual.residentialAddress.postalCode",
"individual.residentialAddress.street",
"individual.residentialAddress.street2",
"",
"individual.nationality (Required for signatories)",
"individual.email (Required for signatories)",
"individual.phone.type (Required for signatories)",
"individual.phone.countryCode (Required for signatories)",
"individual.phone.number (Required for signatories)"
]
}
]
},
{
"displayName":"Bank account",
"sections":[
{
"displayName":"Bank account",
"fields":[
"bankAccount.accountNumber",
"bankAccount.branchCode (See note 4)",
"bankAccount.countryCode",
"bankAccount.currencyCode"
]
}
]
}
]
}
]
}
1 Refer to Organization types for a list of possible values.
2 The legal entity's VAT (Value added tax) identification number. See data formats per country for each country.
3 Refer to Identification number types for a list of possible values.
4 A branch code is the routing number assigned to the bank account. The account holder can get the routing number from official bank documents such as bank statements.