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Overview

Named accounts inherit Trace Finance’s compliance baseline and add segment-specific information and documents on top. The full document list for the current account is returned in requirements.currentlyDue on account creation.
  • KYB (Know Your Business) applies to company-owned accounts (owner.type = COMPANY).
  • KYC (Know Your Customer) applies to individually-owned accounts (owner.type = INDIVIDUAL) and to every beneficial owner (UBO) registered on a company-owned account.
Information is submitted as structured fields on POST /v1/accounts and POST /v1/accounts/{accountId}/ubos; supporting documents are uploaded against POST /v1/accounts/{accountId}/documents once the account exists. For Trace Finance-issued accounts, see BRL virtual accounts.

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Details

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Business

Applies to companies opening a named account.

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Common information and documents

The baseline below mirrors the BRL virtual accounts baseline. Submitted on the create-account request: Each beneficial owner (UBO) is registered via POST /v1/accounts/{accountId}/ubos: Documents required for the company:
  • Articles of association, bylaws, or board-election minutes registered with the Junta Comercial (or apostilled equivalent for non-residents) — ARTICLES_OF_ASSOCIATION or INCORPORATION_ARTICLES.
  • Certificate of incorporation or registration — INCORPORATION_CERT.
  • Annual revenue declaration, income statement (DRE), or balance sheet — signed by the accountant and the legal representative — FINANCIAL_STATEMENT.
  • Registry of directors and shareholders — DIRECTORS_REGISTRY and SHAREHOLDER_REGISTRY.
  • Dated and signed organizational chart, if the corporate structure has multiple layers — ORGANIZATIONAL_CHART.
  • Articles or financial statements of any corporate shareholder (PJ partner), if applicable — PJ_PARTNER_DOCUMENTS and PJ_PARTNER_FINANCIAL_STATEMENT.
  • Power of attorney, when a signatory acts on the company’s behalf — POWER_OF_ATTORNEY or SIGNING_AUTHORITY_PROOF.
Documents required for each UBO:
  • Government-issued photo ID — RG (ID_CARD), CNH (DRIVER_LICENSE), passport (PASSPORT), or RNM (RESIDENCE_PERMIT).
  • Email address and phone number.
  • Proof of residence issued within the last 90 days — PROOF_OF_ADDRESS or UTILITY_BILL.

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Additional information and documents

The requested set depends on the account’s segment.
Payment facilitators (PSPs)
Additional information:
  • Number of employees, company website, and annual revenue.
  • Commercial-officer visit report.
Additional documents:
  • AML/CTF (PLD/FT) policies, manuals, and registration forms — AML_POLICY.
  • Signed KYC form — KYC_FORM.
  • Signed BaaS adhesion form — BAAS_ADHESION_FORM.
  • CDD (customer due diligence) questionnaire signed by the compliance officer — OTHER with descriptive metadata.
  • Service-provision agreement and merchants record sheet — AGREEMENT and OTHER with descriptive metadata.
  • Power of attorney and identity documents for any signatories acting on the company’s behalf — POWER_OF_ATTORNEY or SIGNING_AUTHORITY_PROOF.
Non-residents (CNR)
Constitutional documents matching the legal form, all duly apostilled: Submitted as ARTICLES_OF_ASSOCIATION, INCORPORATION_ARTICLES, INCORPORATION_CERT, and SHAREHOLDER_REGISTRY as applicable. Additional documents:
  • Financial statements signed by the accountant and the legal representative — FINANCIAL_STATEMENT.
  • Corporate organizational chart identifying ultimate beneficial owners — ORGANIZATIONAL_CHART.
  • Articles and financial statements of any PJ partner — PJ_PARTNER_DOCUMENTS and PJ_PARTNER_FINANCIAL_STATEMENT.
  • AML/CTF policies — AML_POLICY.
  • Operating licenses, where the entity handles third-party funds — PROOF_OF_REGULATORY_LICENSE.
  • KYC form, due-diligence form, and legal-representative registration form — KYC_FORM and OTHER with descriptive metadata.
  • Director-election minutes, where applicable — SIGNING_AUTHORITY_PROOF.
  • Wolfsberg questionnaire, when the entity is a financial institution — WOLFSBERG_QUESTIONNAIRE.
  • Latest PLD/CFT audit report, where applicable — OTHER with descriptive metadata.
  • PLD/CFT area organizational chart, where applicable — ORGANIZATIONAL_CHART.
  • General terms and conditions for FX operations, and the regulation for opening, operating, maintaining, and closing the BRL non-resident deposit account — AGREEMENT.
Additional UBO documents:
  • Proof of residence issued within the last 90 days — PROOF_OF_ADDRESS or UTILITY_BILL.
  • Proof of authority to sign on behalf of the company. When the foreign representative does not hold a CPF, a valid power of attorney granting authority to a Brazilian representative — POWER_OF_ATTORNEY or SIGNING_AUTHORITY_PROOF.
Startups
Submit owner.isStartup = true on the create-account request. Additional documents:
  • Signed KYC form — KYC_FORM.
  • Complete signed financials covering the last 12 months (DRE + balance sheet) or revenue declaration — FINANCIAL_STATEMENT.
Crypto businesses
Additional documents:
  • Signed KYC form — KYC_FORM.
  • Signed BaaS adhesion form — BAAS_ADHESION_FORM.
Funds
Additional information:
  • Exchanges and platforms used to operate.
  • Target audience, fundraising strategy, and marketing approach.
Additional documents:
  • Appointment instrument, when not covered by the corporate document — INCORPORATION_ARTICLES or SIGNING_AUTHORITY_PROOF.
  • Complete signed financials for the last 12 months — FINANCIAL_STATEMENT.
  • Evidence of source of funds — EVIDENCE_OF_SOURCE_OF_FUNDS.
  • Crypto exposure questionnaire (CEQ) — OTHER with descriptive metadata.
Additional UBO documents:
  • Identity document for every ultimate beneficiary holding 5% or more — ID_CARD, PASSPORT, DRIVER_LICENSE, or RESIDENCE_PERMIT.
  • Proof of address issued within the last 3 months for every ultimate beneficiary holding 5% or more — PROOF_OF_ADDRESS.
Exchange operators
Additional documents:
  • Terms of service — AGREEMENT.
  • Sample national and international partnership agreements — AGREEMENT.
  • Latest internal and external audit reports, where available — OTHER with descriptive metadata.
  • Bylaws or internal regulations — INCORPORATION_ARTICLES.
  • Board-election minutes with active mandate (for S.A. companies) — SIGNING_AUTHORITY_PROOF.
  • DRE and financial statements — FINANCIAL_STATEMENT.
  • PCI-DSS AoC or SAQ-D, where available — OTHER with descriptive metadata.
  • AML/CTF policies, manuals, and registration forms, where available — AML_POLICY.
Additional UBO documents:
  • Digitally certified identification copy for the legal representative — ID_CARD with documentSubType = FRONT_SIDE and BACK_SIDE.
  • Identification copy for the ultimate beneficiary, when classified as high-risk — ID_CARD or PASSPORT.

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Individuals

Applies to natural persons opening a named account.

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Common information and documents

The baseline below mirrors the BRL virtual accounts baseline. Submitted on the create-account request: Additional information collected outside the account record:
  • Email address and phone number.
  • Marital status, and the spouse’s full name and CPF when married.
Documents:
  • Government-issued photo ID — RG (ID_CARD), CNH (DRIVER_LICENSE), passport (PASSPORT), RNM or MRE (RESIDENCE_PERMIT). Some segments require the document to have been issued within the last 10 years.
  • Proof of residence issued within the last 90 days — PROOF_OF_ADDRESS or UTILITY_BILL.
  • Liveness selfie matched to the photo ID — SELFIE.

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Additional information and documents

Required for individuals with non-standard fiscal residency, higher-risk activity, or where reinforced diligence applies. Additional information:
  • Tax identification number (NIF or equivalent) in the country of fiscal residence, for non-Brazilian residents.
  • Employer name, profession, monthly income, and net worth.
Additional documents:
  • Proof of income — most recent income tax return (current year, with filing receipt) in the country of fiscal residence, the last three pay stubs, or equivalent evidence — EVIDENCE_OF_SOURCE_OF_WEALTH.
  • Evidence of source of funds tied to a specific transaction or asset (for example, property record, purchase agreement or final deed, and statement showing receipt of funds when the activity relates to a real-estate disposal) — EVIDENCE_OF_SOURCE_OF_FUNDS.
  • Signed account-opening agreement — AGREEMENT.
  • FATCA form for individuals classified as foreign or with fiscal residence abroad — OTHER with descriptive metadata.