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Accounts & Parties

Accounts & Parties

General

Why is it required to have a Primary Party for each Account?

Are there certain restrictions or implications of the different types of accounts?

Is there a way to combine two accounts together?

What to do if I don't have a Postal Code?

How to remove a duplicate party on TAPI?

Which address should be included in the createAccount address field?

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Accreditation Verification

When should the "aiRequestStatus" be set to "Updated Letter Requested" or "New Info Added" for UpdateAiRequest?

What are the AI Request Statuses and what do they mean?

How do I test Accredited Investor Verifications in the sandbox environment?

How do I contact the team that reviews the accreditation verification requests?

What types of files are accepted for the Accreditation Verification checks?

How can I get notified in real time when an AI request status has been updated?

What is "Self Accredited" ?

How do I get an updated accreditation verification letter for an account that has already had an AI request performed?

What should be uploaded for licensed individuals for the accredited investor verification?

Which documents are required for accreditation verification?

How do I retrieve an Accredited Investor letter from TransactAPI?

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Compliance

Why am I receiving a 'Suitability is not exist/active' message when I am attempting to update the suitability?

How do I delete an account note in TransactAPI?

What does the 'riskProfile' parameter for calculateSuitability represent?

What does the 'calculateSuitability' method do?

KYC & AML

What are the KYC/AML requirements you may have for any custodian, trust, IRA, and self-directed IRA accounts? How does your system handle these type of accounts?

Is SSN required for KYC/AML?

Will KYC/AML work if the investor provides an APO(Army Post Office) box or FPO(Fleet Post Office)?

Can performKycAml or performKycAmlBasic be run on an entity?

What AML rules should I be most concerned about?

Can a P.O. Box be used as an investor address?

KYC / AML for Foreign Investors

Can a user use a US Tax ID or TIN instead of a SSN for KYC checks?

Are there different KYC/AML check options?

How are failed AML scenarios handled?

How close of a match does a name need to be to fail the AML check?

What does the account level KYC/AML mean?

Can performAml be performed on both individual parties and entity parties?

What does {'results': {'key': 'result.no.match', 'message': 'ID Not Located'} response for the KYC/AML check mean?

Is there a limit to the amount of times I can run a KYC/AML check on a party?

Do I need to update the KYC/AML date after a check has been run?

Are the KYC and AML statuses updated automatically?

Is KYC/AML done at the party level or at the account level?

How can I test KYC/AML in the sandbox environment?

How do I integrate the challenge questions for the enhanced KYC/AML check?

When would you use the updateKycAml method?

Is it required to AML check all parties within an entity?

Can North Capital manually review entity documents?

What do the KYC/AML Statuses Mean?

What does the error "Already requested" mean for requestKycAml? How can a KYC/AML re-review be initiated via API?

How do I initiate a KYC/AML check from the TransactAPI Dashboard?

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