> ## Documentation Index
> Fetch the complete documentation index at: https://docs.lumx.io/llms.txt
> Use this file to discover all available pages before exploring further.

# Company Types

> Business categories collected on the companyType field during KYB onboarding

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](/compliance/identity-verification) and [Prohibited business activities](/compliance/prohibited-activities) for the controls that follow.

## Accepted values

<AccordionGroup>
  <Accordion title="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).       |
  </Accordion>

  <Accordion title="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.        |
  </Accordion>

  <Accordion title="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.             |
  </Accordion>

  <Accordion title="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.           |
  </Accordion>

  <Accordion title="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. |
  </Accordion>
</AccordionGroup>

<Info>
  Several of the values above trigger Enhanced Due Diligence rather than rejection — see [High-risk business activities](/compliance/prohibited-activities#high-risk-business-activities). The categories that map directly to [Prohibited business activities](/compliance/prohibited-activities#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.
</Info>

## Related resources

<CardGroup cols="3">
  <Card title="Business verification" href="/guides/business-verification">
    Full KYB onboarding flow.
  </Card>

  <Card title="Prohibited activities" href="/compliance/prohibited-activities">
    Categories Lumx does not service.
  </Card>

  <Card title="Identity Verification" href="/compliance/identity-verification">
    KYC and KYB requirements per customer type.
  </Card>
</CardGroup>