# Beneficial Owner Update process

## Prerequisites

Partners are required to create Beneficial Owner, upload necessary documents and then initiate the update process.

## Process steps

The process is asynchronous and involves several steps:

1. Partner calls the update beneficial owner endpoint,
2. There is verified if everything is present and if there is detected an update with restricted data, we open an admin task,
3. If admin rejects, this finishes process. If admin approves, we send the beneficial owner block with new data to KYC to reverify,
4. if KYC response shows issues, there is opened second admin task with possibility to reject globally or accept the update,
5. If admin rejects, Beneficial Owner is rejected globally and process finishes. If admin approves, Beneficial Owner is updated and process finishes.


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