Corporate onboarding guides

Glossary

Last updated:
December 13, 2024
Term Explanation
Client NIUM contracting entity (Platform Partner)
Customer Underlying corporate
Applicant Natural person (not an entity) filling out application on NIUM platform (to be corrected)
POI Proof of Identity
POA Proof of Address
SoW Source of Wealth
SoF Source of Funds
EDD Enhanced Due Diligence
UBO Ultimate Beneficial Owner
RFI Request for Information
LOA Letter of Authorization
PEP A PEP is someone who holds (or has held) a prominent public position; is family or close associates of a PEP
Table of Contents
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