Submit Application

Submit an individual application for risk assessment and review.

Prerequisites

All required documents must be uploaded before calling this endpoint. If any documents are missing, the endpoint returns an error listing the missing document types.

Risk Assessment

Upon submission, the system evaluates the applicant's risk profile:

• Low / Medium risk → auto-approved, status becomes APPROVED, account created immediately
• High risk without EDD → status becomes ACTION_REQUIRED (EDD data needed)
• High risk with EDD → status becomes PROCESSING (pending manual review)

ACTION_REQUIRED Flow

When the result is ACTION_REQUIRED, follow this two-phase flow:

1. Use PATCH /v1/individuals/applications/{id} to submit EDD data (due_diligence object with occupation, employment_status, source_of_wealth, purpose_of_account, expected_monthly_activity)
2. Call this Submit endpoint again to re-trigger risk assessment
3. With EDD data provided, result will be either APPROVED (low/medium risk) or PROCESSING (high risk, pending manual review)

Status Restrictions

Submit is only allowed when status is DRAFT or ACTION_REQUIRED. Submitting an application in any other status returns 400 Bad Request.

Idempotency

Re-submitting an already submitted application that is not in DRAFT or ACTION_REQUIRED status is not allowed. Use Get Application to check the current status.