About Kompany KYC API
Kompany KYC API is a data provider you can use to run the Company data check.
How a Company data check works with Kompany KYC API
This is the default behavior for a variant of the Company data check with Kompany KYC API as the data provider.
The check is performed by sending the company's name, country of incorporation, state of incorporation (for the US and Canada only), and company number to Kompany KYC API and requesting a report.
Caution
Kompany does not return shareholder information and cannot be used for the Identify shareholders task. If you're using a check variant with Kompany KYC API configured as the data provider, a message is always displayed on the Identify shareholders task saying, "No shareholders found in check result."
The check passes when all the following are true:
The company name is found in the registry.
The company status in the registry is active.
The company number and country of incorporation from the entity match the data in the registry.
When the check passes, the basic company information is imported into the check results.
The imported information is displayed differently for the Identify officers task and the Verify company details task. See the description of the Company data check for more information.
The check returns a partial match when the company name is found in the registry, but one of the following is true:
Any of the required entity data is missing.
Any of the entity data does not match.
The company status is inactive.
The company status is unknown.
See Kompany KYC API Entity fields to learn which entity fields are required.
If the company name cannot be found, the check fails.
An error is returned if any of the following is true:
Kompany discovers more than one company that matches the entity details.
The company's country of incorporation isn't covered by the agreement with Kompany.
Contact your Kompany KYC API account manager to learn which countries your agreement covers.
When you search for a company during the entity creation process, the search results are retrieved using the Company data check, if you have one set up. If you don't have a Company data check set up, the Company registry check can be used instead.
You will be charged for any call made to Kompany KYC API, including when you search for a company during the entity creation process. Speak to your account manager to learn more.