From c6e3cba61dee3b9578d3adcee9c76b5c7ca60b02 Mon Sep 17 00:00:00 2001
From: Christian Grothoff <christian@grothoff.org>
Date: Sun, 2 Jul 2023 14:52:36 +0200
Subject: edits

---
 doc/flows/proc-kyb.tex | 12 ++++++++----
 1 file changed, 8 insertions(+), 4 deletions(-)

(limited to 'doc/flows/proc-kyb.tex')

diff --git a/doc/flows/proc-kyb.tex b/doc/flows/proc-kyb.tex
index fa7761b8..fa63976f 100644
--- a/doc/flows/proc-kyb.tex
+++ b/doc/flows/proc-kyb.tex
@@ -43,9 +43,13 @@
 \end{figure}
 
 At the beginning of the KYB process, the user needs to specify whether they
-are an {\bf individual} (not incorporated) or a {\bf business}. This then
+are an {\bf individual} (not incorporated) or a {\bf business}.\footnote{ In
+pratice, we expect most owners of bank accounts crossing the KYB threshold to
+be businesses, but in principle such a bank account could be owned by an
+individual operating a business without a separate legal entity.}  This then
 determines which types of attributes are collected in the KYB process
-(Table~\ref{table:proc:kyb:individual} vs. Table~\ref{table:proc:kyb:business}).
+(Table~\ref{table:proc:kyb:individual}
+vs. Table~\ref{table:proc:kyb:business}).
 
 \begin{table}
   \caption{Information collected for unincorporated individuals}
@@ -77,7 +81,7 @@ determines which types of attributes are collected in the KYB process
       {\bf Type}                      & {\bf Required} & {\bf Example}        \\ \hline \hline
       Company name                    & yes        & Mega AG \\
       Registered office               & yes        & Seestrasse 4, 8008 Zuerich \\
-      Company identification document & yes        & PDF file \\ 
+      Company identification document & yes        & PDF file \\
       Power of attorney arrangement   & yes        & PDF file  \\
       Business registration number    & yes        &  \\
       Business registration document  & yes        & PDF file \\
@@ -85,7 +89,7 @@ determines which types of attributes are collected in the KYB process
       Contact person name             & yes        & Max Mustermann \\
       Identification document         & yes        & JPG image \\
       Date of birth                   & yes        & 1.1.1980  \\
-      Nationality                     & yes        & Swiss     \\ 
+      Nationality                     & yes        & Swiss     \\
       E-mail                          & yes        & me@example.com \\
       Phone number                    & no         & +41-123456789  \\
   \end{tabular}
-- 
cgit v1.2.3

