The UBO Declaration object
An UBO Declaration
is an electronic version of the previous KYC document "Shareholder Declaration", in order to declare all the Ultimate Beneficial Owners of a BUSINESS-typed legal User
(ie the shareholders with >25% of capital or voting rights).
- Create an UBO Declaration for your legal user.
- Declare your
UBOs
(ie. Ultimate Beneficial Owner that owns more than 25% of this company or the legal respresentative in case of you don't have UBO). - Edit the UBO Declaration object and set the
Status
field to "VALIDATION_ASKED" (instead of "CREATED") - The demand is received by our team and once processed, it will either get a
- "VALIDATED" status: if all other required parameters and KYC documents are validated, the user will pas on the
KYCLevel
REGULAR - "INCOMPLETE" status: complete the
UBO Declaration
or create a new one - "REFUSED" status with more information provided in the
Reason
andMessage
parameters
- "VALIDATED" status: if all other required parameters and KYC documents are validated, the user will pas on the
As mentionned above, this is a new functionality that will soon be compulsory. Here are the deadline for implementation:
I. Sandbox functionality activation
- For all new client created after 06/04
- By request anytime between 06/04 and 15/08
- All clients will be switch to this new functionality by 20/08
II. Production functionality activation
- For all new client created after 30/04
- By request anytime between 06/04 and 15/09
- All clients will be switch to this new functionality by 15/09
For any question or a request of switch, please contact our support team
Parameters
Id
string:
Maximum length is 255 characters
The item's ID
CreationDate
timestamp
When the item was created
ProcessedDate
timestamp
The date when the document was processed by MANGOPAY
Status
UBODeclarationStatus:
CREATED, VALIDATION_ASKED, INCOMPLETE,VALIDATED, REFUSED
Status of a UBO Declaration
Reason
UBOReasonType:
MISSING_UBO,WRONG_UBO_INFORMATION,UBO_IDENTITY_NEEDED, SHAREHOLDERS_DECLARATION_NEEDED, ORGANIZATION_CHART_NEEDED,DOCUMENTS_NEEDED, DECLARATION_DO_NOT_MATCH_UBO_INFORMATION,SPECIFIC_CASE
ReasonType for UBO declaration
Refused or incomplete Reason for a UBO Declaration
Message
string:
Maximum length is 255 characters
Refused or incomplete Message for a UBO Declaration
Ubos
DeclaredUbos
An array of UBOs declared as Ultimate Beneficial Owners of a BUSINESS Legal User.