The Authentication Token and Team Admin Status are required.
This will update a registration record for a merchant that is tied to a team. This is data used by our internal underwriting team during onboarding. Registration information passed in at the root of the request body (such as first_name) is for the business's Principal Signer/Control Owner. If Additional Representatives/Beneficial Owners are needed, each representative's information will be passed into the meta.representatives as an object.
The Federal FinCEN (Financial Crimes Enforcement Network) requires all financial institutions to collect the Control Owner and Beneficial Owners on entities that are not otherwise exempt. Please provide information on any additional representatives if any Beneficial Owner directly or indirectly owns 25% or more of the entity.