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\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}.\footnote{ In
-pratice, we expect most owners of bank accounts crossing the KYB threshold to
+are an {\bf individual} (not incorporated) or a {\bf business}.\footnote{In
+practice, 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