For creators operating as legal entities, Olyn Media would require specific Know Your Business (KYB) documentation and information to verify the entity's identity and ensure compliance with regulatory standards. KYB requirements may vary depending on factors such as the jurisdiction in which the entity is registered and the nature of its business activities. Here are some common KYB requirements that creators may need to fulfill:
Business Registration Documents: Creators may be required to provide official documents confirming the registration and legal status of their business. This could include certificates of incorporation, articles of association, business licenses, or other registration documents issued by relevant government authorities.
Proof of Address: Olyn may request documents demonstrating the business's physical address, such as utility bills, lease agreements, or official correspondence from government agencies. This helps verify the entity's operational location and legal presence.
Tax Identification Number (TIN): Creators may need to provide their business's tax identification number or equivalent tax registration documents. This helps confirm the entity's tax status and compliance with tax obligations in its jurisdiction.
Authorized Signatories: Olyn may require information about authorized signatories or representatives who have the legal authority to act on behalf of the business. This could include details such as names, positions, and copies of identification documents for verification purposes.
Beneficial Ownership Information: Creators may need to disclose information about the beneficial owners or individuals with significant control over the business. This includes details such as names, addresses, and ownership percentages to ensure transparency and compliance with anti-money laundering (AML) regulations.
Business Activity Details: Olyn may request information about the nature of the business's activities, products or services offered, target audience, and other relevant details. This helps assess the risk profile associated with the business and ensure alignment with platform policies and regulatory requirements.
Compliance with Sanctions and Regulations: Creators may need to certify compliance with applicable sanctions programs, export control regulations, and other legal requirements to prevent involvement in illicit or prohibited activities.
It's important for creators to provide accurate and up-to-date information as part of the KYB process to facilitate smooth account verification and compliance with platform policies and regulatory standards. Specific KYB requirements may vary based on factors such as the creator's jurisdiction, business structure, and industry sector.
