How to Complete Institutional Verification (KYB)
26/07/2025، 08:57:01
AU Site KYB Certification Documentation
Institutional Verification (Know Your Business - KYB) is apart of KuCoin's dedication to regulatory compliance and combating cybercrimes like fraud, money laundering, scams and terrorist financing. It is an extension of the KYC (Know Your Customer) procedures. Here’s a detailed guide on how to initiate Institutional Verification (KYB) via the KuCoin platform.
KYB Certification Process Overview
The KYB verification process consists of three levels:
- Basic Verification
- Advanced Verification (which unlocks our derivatives product for retail clients)
- Wholesale Verification (which allows the user to be considered a 'Wholesale Client' for the purposes of the Corporations Act 2001).
Important Note: Before proceeding to Advanced or Wholesale Verification, users must first complete Basic Verification successfully.
Before proceeding with the verification, it's handy to have prepared the following documents:
- ASIC Company Extract – historical (dated no later than 30 days) - (for Company or Corporate Trust clients)
- Memorandum and Articles of Association - (for Company or Corporate Trust clients)
- Latest financial statements (if applicable) - (for Company or Corporate Trust clients)
- Company’s bank statements (within last three months) - (for Company or Corporate Trust clients)
- Certified Copy (certified within the past 12 months) of the Trust Deed and any amendments to the Trust Deed - (for Individual Trust or Corporate Trust clients)
- Australian Driver's Licence or Passport for all directors, individual trustees and authorised trading representatives who may operate the account, as well as shareholders & underlying beneficial owners (with a shareholding of 25% or more).
- Registration or Licence documentation if the entity is licensed with a regulatory body such as ASIC (for AFSL holders), AUSTRAC or APRA.
- a board resolution to open account with us (for which we provide a template)
- a board resolution authorising any operator of the account that is not a Director or Trustee (for which we provide a template)
- If applying for Wholesale Verification - A Wholesale Certificate completed and signed by an accountant of one of the prescribed accounting professional bodies (CA ANZ, CPA Australia, IPA) within the past 6 months. (for which we provide a template)
Contact Information
For KYB document submission or verification inquiries, users can contact the AU Site KYB Verification team at:
Email: institutional_kyc@kucoin.au