Overview
Onboarding and completing the Know Your Business (KYB) process at Cedar is designed to be straightforward and efficient. For legal entities or organizations, the entire process typically takes 15 to 30 minutes, provided that all required documents are available. Here’s a breakdown of what to expect:
Step-by-Step Process:
Submit Required Documents
To begin, you will need to submit the necessary documents, which may include business information, legal documents, and identification for ultimate beneficial owners (UBOs).Review by Cedar's Onboarding Team
Once your documents are submitted, our team will review them for completeness and accuracy. If any additional information is required, we may reach out to you for clarification.Account Approval and Activation
After reviewing your documents, we aim to approve and activate your account within 3 to 7 business days, depending on the complexity of the submission.
Why This Process Is Important
While the onboarding and KYB process may seem comprehensive, it is designed to:
Ensure compliance with regulatory standards (such as anti-money laundering and Know Your Customer regulations).
Provide a secure and reliable platform for all users.
Foster a safe trading environment for businesses and clients.
We appreciate your cooperation and understanding as we work to ensure a secure and compliant experience for all our users.
If you have any questions or need assistance during the onboarding process, please don’t hesitate to contact us at support@cedar.money.