Company Types - Lumx

When you onboard a business customer, Lumx collects a companyType value that classifies the entity for AML risk profiling. It describes the regulated category the business falls under (MSB, 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

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.

Several of the values above trigger Enhanced Due Diligence rather than rejection — see High-risk business activities. The categories that map directly to Prohibited business activities — including BANKING_CORRESPONDENT, GOVERNMENT_AGENCY_US, GOVERNMENT_AGENCY_FOREIGN, and CHARITY_NGO_NON_PROFIT — 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.

Business verification

Full KYB onboarding flow.

Prohibited activities

Categories Lumx does not service.

Identity Verification

KYC and KYB requirements per customer type.

Sender of Record