Business Activities

When you onboard a business customer, Lumx collects a businessActivity value that classifies the entity for AML risk profiling. It describes what the business does and the regulated category it falls under (VASP, payment institution, fund, marketplace, etc.). The value you pick drives the level of due diligence applied and may surface extra document requirements during verification. See Identity Verification and Prohibited business activities for the controls that follow.

Accepted values

businessActivity takes a single value from the list below. Any other value returns 400. The groups are for reading only and aren’t part of the API.

Crypto and digital assets

VASP
LIQUIDITY_PROVIDER_OTC_DESK
CRYPTO_MSB
STABLECOIN_ISSUER
NON_CUSTODIAL_WALLET_PROVIDER
CUSTODIAN
CRYPTO_CARDS
DEFI_DAO_FOUNDATION
NFT_MARKETPLACE_TOKEN_PROJECT
P2P_MERCHANTS
ATM_KIOSK_OPERATOR
CRYPTO_MINER
GAMING_METAVERSE_P2E

Payments and financial services

PAYMENT_INSTITUTION
PAYMENT_PROCESSOR_GATEWAY
FOREIGN_EXCHANGE_FX
NON_CRYPTO_MSB
BANKING_CORRESPONDENT
BANK_FINANCIAL_INSTITUTION
LOAN_OR_FINANCE_COMPANY
INSURANCE_COMPANY

Funds, investment, and holding vehicles

INVESTMENT_FUND
INVESTMENT_ADVISOR_MANAGER
VENTURE_CAPITAL_PRIVATE_EQUITY
SOVEREIGN_WEALTH_FUND
HOLDING_SPV_FAMILY_OFFICE
TRUST
COMPANY_FORMATION_CSP

Commerce and trade

ECOMMERCE_MARKETPLACE
IMPORTER_EXPORTER_TRADE
WHOLESALER
RETAILER
JEWELRY_RETAIL
COMMODITIES_OIL_AND_GAS
PRECIOUS_METALS_AND_STONES
ART_ANTIQUITIES_COLLECTIBLES
PAWN_SHOPS
TOBACCO_ALCOHOL
MARIJUANA_CANNABIS
ARMS_INDUSTRY
PHARMACEUTICAL_DRUG_DISTRIBUTION

Industry and services

SOFTWARE_DEVELOPMENT
TRAVEL_AGENCY_TOURISM
REAL_ESTATE_LEASING
LOGISTICS_CUSTOMS_TRANSPORT
GENERAL_MANUFACTURING
PROFESSIONAL_MARKETING_SERVICES
PAYROLL_PEO_HR_SERVICES
MINING_AND_EXTRACTION
CONSTRUCTION_SKILLED_TRADE
MEDIA_ARTS_ENTERTAINMENT
ADULT_ENTERTAINMENT
GAMBLING_CASINO_BETTING
AGRICULTURE_FISHING_HUNTING
HEALTHCARE_SOCIAL_ASSISTANCE
EDUCATIONAL_SERVICES
ACCOMMODATION_FOOD_SERVICE

Public sector and non-profit

CHARITY_NGO_NON_PROFIT
UTILITIES_PUBLIC_ADMIN

Other

OTHER

Several of the values above trigger Enhanced Due Diligence rather than rejection — see High-risk business activities. Activities listed under Prohibited business activities are accepted at the schema level but will be rejected during compliance review. When in doubt, pick the value that best describes the business and let underwriting decide.

Previous questionnaire

Customers created before October 28, 2026 keep the previous questionnaire, where the business category goes in companyType instead of businessActivity. Keep sending companyType for those customers, with one of the values below. See Onboarding fields for the rest of the previous questionnaire.

Financial services and money movement

Code	Description
`BANK_US`	US-chartered bank.
`BANK_FOREIGN`	Bank chartered outside the United States.
`BANKING_CORRESPONDENT`	Correspondent banking relationship.
`BROKER_DEALER_OTC_DESK`	Broker-dealer or over-the-counter trading desk.
`FOREIGN_EXCHANGE_MARKET_FX`	FX market participant.
`INSURANCE_COMPANIES`	Insurance carrier or underwriter.
`INVESTMENT_ADVISOR_ASSET_MANAGER`	Registered investment advisor or asset manager.
`LOAN_OR_FINANCE_COMPANY`	Lender or non-bank finance company.
`NON_BANK_CUSTODIANS`	Non-bank custody provider.
`PAYMENT_GATEWAY`	Payment gateway operator.
`THIRD_PARTY_PAYMENT_PROCESSOR`	Third-party payment processor.
`U_S_NON_CRYPTO_MSB`	US-registered Money Services Business (non-crypto).
`FOREIGN_NON_CRYPTO_MSB`	Foreign Money Services Business (non-crypto).

Crypto and blockchain

Code	Description
`BLOCKCHAIN_SOFTWARE_COMPANY`	Builds blockchain or Web3 software.
`DEFI_EXCHANGE`	Decentralized exchange.
`MINER`	Cryptocurrency miner.
`NFT_MARKETPLACE`	NFT marketplace operator.
`TOKEN_PROJECT`	Token issuer or project treasury.
`U_S_CRYPTO_MSB`	US-registered crypto Money Services Business.
`FOREIGN_CRYPTO_MSB`	Foreign crypto Money Services Business.
`ATM_KIOSK_OPERATOR`	Operator of crypto or cash ATM kiosks.

Funds and investment vehicles

Code	Description
`COMMODITIES_FIRMS`	Commodities trading firm.
`HIGH_NET_WORTH_INDIVIDUALS`	HNW individual holding entity.
`PENSION_FUNDS`	Pension or retirement fund.
`POOLED_INVESTMENT_VEHICLE_FUND`	Pooled investment vehicle or fund.
`SPECIAL_PURPOSE_VEHICLE`	Special purpose vehicle (SPV).
`TRUST_PERSONAL`	Personal or family trust.
`TRUST_CORPORATE`	Corporate trust.
`WEALTH_HOLDING_VEHICLE`	Wealth holding entity.

Government and supranational

Code	Description
`GOVERNMENT_AGENCY_US`	US federal, state, or local government agency.
`GOVERNMENT_AGENCY_FOREIGN`	Foreign government agency.
`SUPRANATIONAL_BODIES`	Supranational organization (e.g., World Bank, IMF).
`CHARITY_NGO_NON_PROFIT`	Charity, NGO, or non-profit organization.

Commerce, industry, and services

Code	Description
`WHOLESALE_OF_DURABLE_GOODS`	Wholesaler of durable goods.
`WHOLESALE_OF_NON_DURABLE_GOODS`	Wholesaler of non-durable goods.
`RETAILER_OF_DURABLE_GOODS`	Retailer of durable goods.
`RETAILER_OF_NON_DURABLE_GOODS`	Retailer of non-durable goods.
`CONSTRUCTION_OR_SKILLED_TRADE_BUSINESSES`	Construction or skilled-trade business.
`PROFESSIONAL_SERVICES`	Professional services firm.
`OTHER`	Doesn’t fit any of the categories above. Use sparingly. Compliance may follow up for details.

Business verification

Full KYB onboarding flow.

Prohibited activities

Categories Lumx does not service.

Identity Verification

KYC and KYB requirements per customer type.

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Additional Information

Business Activities

Accepted values

Previous questionnaire

Business verification

Prohibited activities

Identity Verification

​Accepted values

​Previous questionnaire

​Related resources

Business verification

Prohibited activities

Identity Verification

Accepted values

Previous questionnaire

Related resources