The "designation" field in the business member object is a mandatory field. Each business member must have this field set before KYB submission.
Each business needs to have one control person. The programs can use the isControlPerson flag in the business member object to set a member as the control person. The programs must explicitly ask through their application if the business member being added is the control person or not. When the program designates a business member as a control person by setting the "isControlPerson" field to true, and a control person already exists, the previously assigned member will no longer be considered a control person, and this flag isControlPerson will be overriden for the previous assigned person.
The control person must have one of the designations from the list below:
chiefExecutiveOfficer
chiefFinancialOfficer
chiefOperatingOfficer
chiefLegalOfficer
generalCounsel
managingMember
member
generalPartner
managingPartner
partner
president
executiveVicePresident
vicePresident
treasurer
comptroller
managingDirector
chairmanOfTheBoardOfDirectors
For other members of a business that are not the control person, the designation can be set to any of the full list of designation values:
chiefExecutiveOfficer
chiefFinancialOfficer
chiefOperatingOfficer
chiefLegalOfficer
generalCounsel
managingMember
member
generalPartner
managingPartner
partner
president
executiveVicePresident
vicePresident
treasurer
comptroller
managingDirector
chairmanOfTheBoardOfDirectors
chiefRevenueOfficer
financialAdvisor
designer
chiefTechnologyOfficer
engineer
analyst
controller
manager
financeManager
salesManager
chiefCreditOfficer
accountManager
chairman
generalManager
chiefMarketingOfficer
headOfOperations
chiefOfStaff
taxSpecialist
founder
chiefProductOfficer
projectManager
accountant
secretary
digitalMarketingManager
chiefBusinessOfficer
chiefInnovationOfficer
headOfFinance
chiefBrandOfficer
humanResourcesManager
productManager
other
If a business member selects the designation “other”, sending the exact designation in the “title” field is mandatory.
