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Natural requires identity verification to comply with federal and state financial regulations. All Parties must complete verification before they can send payments. Verification happens automatically after you submit your information through onboarding. The process typically completes within seconds, but may take up to 48 hours. Beyond initial verification, Natural also complies with BSA/AML regulations (Bank Secrecy Act/Anti-Money Laundering) via automated transaction monitoring.

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Verification types

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KYC (Know Your Customer) - Individuals

Individual parties provide:
  • Full legal name
  • Date of birth
  • Social Security Number or ITIN
  • Residential address
  • Country of citizenship
  • Employment status and job title
  • Annual income
  • Email and phone (both verified during onboarding)

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KYB (Know Your Business) - Businesses

Business parties provide:
  • Legal business name
  • Trade name (DBA), if the business uses one
  • EIN (Employer Identification Number)
  • Business type (LLC, Corporation, etc.)
  • Industry (NAICS code)
  • State and date of incorporation
  • Registered address and physical address
  • Countries of operations
  • Source of funds
  • Website
Businesses must disclose all individuals with 25% or more ownership and/or significant control, otherwise known as ultimate beneficial owners (UBOs). For each UBO, similar to KYC, Natural collects:
  • Full legal name
  • Date of birth
  • Social Security Number or ITIN
  • Residential address
  • Email and phone
  • Ownership percentage
  • Title (CEO, Owner, etc.)
  • Country of citizenship
  • Employment status and annual income

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Identity documents

Most verifications complete from the information above alone. When automated verification needs more, Natural requests supporting documents — typically a government-issued ID (driver’s license or passport) for an individual or UBO, or formation documents such as articles of incorporation for a business. These are uploaded securely through the dashboard. All personal and business information is encrypted in transit and at rest. We use industry-leading security practices. Sensitive data like SSNs are tokenized and never stored in plain text.
  • Parties - Identity types that require verification
  • Users - User accounts that complete verification
  • Wallets - How funds are held and escrowed