Skip to main content

Company Nature Of Business

The Company Nature Of Business Answer is used to specify the primary business activity or industry sector of a company or legal entity.

Fields​

FieldTypeRequiredDescription
fieldTypeIdstringYesMust be set to "CompanyNatureOfBusiness" (from FieldTypeEnum)
natureOfBusinessIdstringYesID of the selected nature of business

Example Usage​

{
  "fqName": "CompanyInfo_Business_NatureOfBusiness",
  "answer": {
    "fieldTypeId": "CompanyNatureOfBusiness",
    "natureOfBusinessId": "a640b5fd-0b98-494a-a6ec-6f7f8e323ff72"
  }
}

Lookup References​

This answer model requires values from the following lookup source:

Nature of Business Types: For valid values for the natureOfBusinessId field, please refer to the Lookup API documentation and use the "NatureOfBusinessEnum" lookup source.

Notes​

  • The nature of business is a key component of company profiling and risk assessment.
  • Certain business activities may be considered high-risk from a regulatory perspective (e.g., money services businesses, dealers in precious metals, arms dealers).
  • The nature of business should be consistent with the company's declared activities and financial profile.
  • This information is often used in conjunction with company type and ownership structure for comprehensive risk assessment.
  • Some nature of business categories may trigger enhanced due diligence or additional documentation requirements.
  • The nature of business affects the expected transaction patterns and may influence ongoing monitoring parameters.
  • Changes in the nature of business may trigger a review of the company's risk profile and due diligence information.