How to Onboard an Entity in LATAM

Maybe it's all the Olympics coverage, but I'm feeling INTERNATIONAL! Let’s dive into the details of what it takes to onboard your LATAM entity, focusing on Mexico, Brazil, and Colombia. At Routefusion, we’re thrilled to onboard your LATAM entity. It's a win-win for both our businesses and, let’s be honest, a fantastic excuse for a company-paid trip to see our customers south of the border!

Curious about what Routefusion has to offer? Get ready for seamless Local Payments, B2B Cross-Border Payments, and a whole lot more! Reach out to us today and let’s get the ball rolling.

Our fantastic sales, compliance, and implementation teams make onboarding a breeze! Once you’re set up, you’ll be paired with a stellar Customer Success Manager and get your own dedicated Slack channel for direct, real-time support. We can't wait to work with you!

We prioritize quick and secure onboarding for our new customers. We know compliance can be a drag, but it’s a necessary step. Our goal is to make the process as painless and efficient as possible for you. So, grab your virtual torch and let’s sprint through LATAM’s onboarding process below!

How to Onboard an Entity in Mexico, Brazil, and Colombia with Routefusion. You’ll be in great company with our other LATAM customers, shout out to Clara, Jeeves, and EFEX, just to name a few!

Let’s start with the easy stuff, the key questions we need answered:

KYB, baby (click here to make your own copy of Compliance Onboarding requirements!). When you open an account, we need to verify your business and the folks associated with it—it's just a little legal stuff we have to do. Think of it like training for the Olympics—get all your details in order, and you'll cross the finish line faster. Once you've got everything prepped, we'll make sure your business gets up and running smoothly. Let's get you that gold medal in onboarding!

To avoid any delays, please have the following information ready before you start our application:

• Beneficial Owner Information:
• Board of Directors/Executive Officers:
• Questionnaire Regarding Certain Jurisdictions:
• Additional Questionnaire (Y/N):

Once Routefusion has the legally required information and documents, our team will work with your team to get you up and running on Routefusion as quickly and safely as possible.

So there you have it—onboarding your LATAM entity with Routefusion is easier than a 100-meter dash! We're here to ensure your journey is as smooth as a gymnast's landing and as swift as a sprinter's finish. Ready to take the podium? Let's go for the gold together, set up some time with our founder, Colton, to learn more!

• Business and Fund Flow. Describe your business and the flow of funds. Where are they coming from, going to, and who holds them?
• Business Nationality and Location. What are the nationalities and locations of your business? For example, a Delaware Corp with Nigerian or Ukrainian UBOs supporting users in the U.S. or EU.
• Business Age and User Base. How old is your business? How many active users do you have? This helps us assess your platform's health and growth potential.
• Regulated or Sponsored Solutions. Are we providing a regulated or sponsored solution, or are you using our onboarding workflows for your users?
• Corporate Documentation. Ensure your corporate documents, like Anti-Bribery and Corruption Policies, Corporate Articles, and Lists of Directors and Senior Management, are up-to-date (within the last 6-12 months).
• Go-Live Dates. What are your planned go-live dates?
• Company Complete Legal Name
• DBA Name/Trade Name (if applicable)
• Company Address (PO boxes not accepted)
• Business Telephone Number (if applicable)
• Website (if applicable)
• Contact Person and Title
• Contact Email Address
• Business Legal Structure
• Client Primary Activities (specific details needed)
• Place of Incorporation/Organization
• Countries Doing Business in
• Full Legal Names of individuals owning 10% or more
• Ownership Percentage(s)
• Complete Residential Addresses
• Full Legal Names and Occupations/Job Titles
• Prominent Public Functions:
• Are any personnel (Beneficial Owners, Directors/Appointed Officers) or Signatories, their family members, or close associates, a person who is or was entrusted with a prominent public function (e.g., government, military, judiciary)?
• Are you or any affiliate, subsidiary, branch, or office located, domiciled, or registered in or organized under the laws of one of these countries or territories OR otherwise doing business in any of these countries or territories? (Cuba, Crimea, Iran, North Korea, Sudan, Syria)
• Are you owned/controlled by entities and/or individuals located, domiciled, or registered in or organized under the laws of one or more of those countries or territories? If yes, what is the total percentage of ownership of all such entities and/or individuals? (Cuba, Crimea, Iran, North Korea, Sudan, Syria)
• Are you or any affiliate, subsidiary, branch, or office located, domiciled, or registered in or organized under the laws of one of these countries or territories OR otherwise doing business in any of these countries or territories? (Afghanistan, Democratic Republic of the Congo, Iraq, Lebanon, Libya, Pakistan, Palestine, Russia, South Sudan, Somalia, Ukraine (Except Crimea Region), Venezuela, Yemen, Zimbabwe)
• Are you owned/controlled by entities and/or individuals located, domiciled, or registered in or organized under the laws of one or more of those countries or territories? If yes, what is the total percentage of ownership of all such entities and/or individuals? (Afghanistan, Democratic Republic of the Congo, Iraq, Lebanon, Libya, Pakistan, Palestine, Russia, South Sudan, Somalia, Ukraine (Except Crimea Region), Venezuela, Yemen, Zimbabwe)
• Do you have a dedicated compliance department?
• Do you have policies and procedures to prevent money laundering and fraud?
• Are directors, management, and employees aware of their duties and responsibilities in the prevention of money laundering and fraud?
• Has the company ever had an application from any authority from a supervisory body refused?
• Has the company in the last 10 years failed to satisfy a judgment debt under a court order?
• Has the company made any compromise or arrangement with its creditors within the last 10 years or failed to satisfy creditors in full?
• Has a receiver ever been appointed to any property of the corporation?
• Has a petition been served for an administration order in relation to the corporation in the last 10 years?
• Has a notice of voluntary liquidation of the corporation been given in any jurisdiction in the last 10 years?
• Has any compulsory liquidation been served from any jurisdiction in the last 10 years?
• Has the corporation been subject to any official investigation by an official governmental body in the last 10 years?
• Has the corporation ever been censured, prosecuted, or warned as to future conduct, disciplined or publicly criticized by any regulatory authority?
• Has the corporation ever been refused entry to any professional body or trade association concerned with banking or financial activities?
• Is the corporation engaged in, or does it expect to engage in, any litigation, which may affect the resources or liberty of the controller of the firm, or the ability of the firm to remain officially licensed to operate if applicable?
• Have you ever been a victim of a material data breach? If so, please explain.
• Does your company have an information/data/cybersecurity program?
• Payroll & Contractor Payments
• AP/AR & Treasury Management
• Global USDC Funding