diff --git a/packages/account/src/Components/poi-poa-docs-submitted/poi-poa-docs-submitted.tsx b/packages/account/src/Components/poi-poa-docs-submitted/poi-poa-docs-submitted.tsx
deleted file mode 100644
index 32dcdbf868b8..000000000000
--- a/packages/account/src/Components/poi-poa-docs-submitted/poi-poa-docs-submitted.tsx
+++ /dev/null
@@ -1,73 +0,0 @@
-import React from 'react';
-import { Button, Icon, Loading } from '@deriv/components';
-import { localize } from '@deriv/translations';
-import { getAuthenticationStatusInfo, Jurisdiction } from '@deriv/shared';
-import IconMessageContent from 'Components/icon-message-content';
-import { GetAccountStatus } from '@deriv/api-types';
-
-type TPoiPoaDocsSubmitted = {
-    account_status: GetAccountStatus;
-    onClickOK: () => void;
-    jurisdiction_selected_shortcode: string;
-    has_created_account_for_selected_jurisdiction: boolean;
-    openPasswordModal: () => void;
-    updateAccountStatus: () => Promise<void>;
-};
-
-const PoiPoaDocsSubmitted = ({
-    account_status,
-    jurisdiction_selected_shortcode,
-    onClickOK,
-    updateAccountStatus,
-    has_created_account_for_selected_jurisdiction,
-    openPasswordModal,
-}: TPoiPoaDocsSubmitted) => {
-    const [is_loading, setIsLoading] = React.useState(false);
-
-    React.useEffect(() => {
-        const fetchAccountStatus = async () => {
-            await updateAccountStatus();
-            setIsLoading(false);
-        };
-        setIsLoading(true);
-        fetchAccountStatus();
-
-        return () => setIsLoading(false);
-    }, [updateAccountStatus]);
-
-    const onSubmit = () => {
-        onClickOK();
-        if (!has_created_account_for_selected_jurisdiction) {
-            openPasswordModal();
-        }
-    };
-
-    const getDescription = () => {
-        const { manual_status, poi_verified_for_maltainvest, poi_verified_for_bvi_labuan_vanuatu, poa_pending } =
-            getAuthenticationStatusInfo(account_status);
-        const is_maltainvest_selected = jurisdiction_selected_shortcode === Jurisdiction.MALTA_INVEST;
-        if (
-            (is_maltainvest_selected && poi_verified_for_maltainvest && poa_pending) ||
-            (!is_maltainvest_selected && poi_verified_for_bvi_labuan_vanuatu && poa_pending) ||
-            manual_status === 'pending'
-        ) {
-            return localize('We’ll review your documents and notify you of its status within 1 - 3 working days.');
-        }
-        return localize('We’ll review your documents and notify you of its status within 5 minutes.');
-    };
-
-    return is_loading ? (
-        <Loading is_fullscreen={false} />
-    ) : (
-        <IconMessageContent
-            message={localize('Your documents were submitted successfully')}
-            text={getDescription()}
-            icon={<Icon icon='IcDocsSubmit' size={128} />}
-            className='poi-poa-submitted'
-        >
-            <Button has_effect text={localize('Ok')} onClick={onSubmit} primary />
-        </IconMessageContent>
-    );
-};
-
-export default PoiPoaDocsSubmitted;
diff --git a/packages/account/src/Configs/__test__/get-status-badge-config.spec.tsx b/packages/account/src/Configs/__test__/get-status-badge-config.spec.tsx
index a474bb660098..08688f837500 100644
--- a/packages/account/src/Configs/__test__/get-status-badge-config.spec.tsx
+++ b/packages/account/src/Configs/__test__/get-status-badge-config.spec.tsx
@@ -2,26 +2,26 @@ import React from 'react';
 import { BrowserRouter } from 'react-router-dom';
 import { fireEvent, render, screen } from '@testing-library/react';
 import userEvent from '@testing-library/user-event';
-import getStatusBadgeConfig from 'Configs/get-status-badge-config';
+import getStatusBadgeConfig from '../get-status-badge-config';
 import { AUTH_STATUS_CODES, MT5_ACCOUNT_STATUS, routes } from '@deriv/shared';
 import { TMT5AccountStatus } from 'Types';
 
 describe('getStatusBadgeConfig', () => {
     let account_status: TMT5AccountStatus;
-    const openFailedVerificationModal = jest.fn();
+    const openVerificationDocsListModal = jest.fn();
     const setIsVerificationModalVisible = jest.fn();
     const selected_account_type = 'test type';
 
     const renderCheck = (
         account_status: Parameters<typeof getStatusBadgeConfig>[0],
-        openFailedVerificationModal: Parameters<typeof getStatusBadgeConfig>[1],
+        openVerificationDocsListModal: Parameters<typeof getStatusBadgeConfig>[1],
         selected_account_type: Parameters<typeof getStatusBadgeConfig>[2],
         setIsVerificationModalVisible?: Parameters<typeof getStatusBadgeConfig>[3],
         user_account_status?: Parameters<typeof getStatusBadgeConfig>[4]
     ) => {
         const badge = getStatusBadgeConfig(
             account_status,
-            openFailedVerificationModal,
+            openVerificationDocsListModal,
             selected_account_type,
             setIsVerificationModalVisible,
             user_account_status
@@ -37,7 +37,7 @@ describe('getStatusBadgeConfig', () => {
     it('should render pending status', () => {
         account_status = MT5_ACCOUNT_STATUS.PENDING;
 
-        renderCheck(account_status, openFailedVerificationModal, selected_account_type);
+        renderCheck(account_status, openVerificationDocsListModal, selected_account_type);
 
         expect(screen.getByText('Pending verification')).toBeInTheDocument();
         expect(screen.getByText('IcAlertWarning')).toBeInTheDocument();
@@ -46,19 +46,24 @@ describe('getStatusBadgeConfig', () => {
     it('should render failed status and trigger "Why?"', () => {
         account_status = MT5_ACCOUNT_STATUS.FAILED;
 
-        renderCheck(account_status, openFailedVerificationModal, selected_account_type);
+        renderCheck(account_status, openVerificationDocsListModal, selected_account_type);
 
         expect(screen.getByText('Verification failed.')).toBeInTheDocument();
         expect(screen.getByText('IcRedWarning')).toBeInTheDocument();
 
         fireEvent.click(screen.getByText('Why?'));
-        expect(openFailedVerificationModal).toBeCalledWith(selected_account_type);
+        expect(openVerificationDocsListModal).toBeCalledWith(selected_account_type);
     });
 
     it('should render needs_verification status and redirect to identity by default', () => {
         account_status = MT5_ACCOUNT_STATUS.NEEDS_VERIFICATION;
 
-        renderCheck(account_status, openFailedVerificationModal, selected_account_type, setIsVerificationModalVisible);
+        renderCheck(
+            account_status,
+            openVerificationDocsListModal,
+            selected_account_type,
+            setIsVerificationModalVisible
+        );
 
         expect(screen.getByText(/Needs verification./));
         expect(screen.getByText('IcAlertInfo'));
@@ -74,7 +79,7 @@ describe('getStatusBadgeConfig', () => {
     it('should render migrated_with_position status', () => {
         account_status = MT5_ACCOUNT_STATUS.MIGRATED_WITH_POSITION;
 
-        renderCheck(account_status, openFailedVerificationModal, selected_account_type);
+        renderCheck(account_status, openVerificationDocsListModal, selected_account_type);
 
         expect(screen.getByText('No new positions')).toBeInTheDocument();
         expect(screen.getByText('IcAlertWarning')).toBeInTheDocument();
@@ -83,7 +88,7 @@ describe('getStatusBadgeConfig', () => {
     it('should render migrated_without_position status', () => {
         account_status = MT5_ACCOUNT_STATUS.MIGRATED_WITHOUT_POSITION;
 
-        renderCheck(account_status, openFailedVerificationModal, selected_account_type);
+        renderCheck(account_status, openVerificationDocsListModal, selected_account_type);
 
         expect(screen.getByText('Account closed')).toBeInTheDocument();
         expect(screen.getByText('IcAlertWarning')).toBeInTheDocument();
@@ -92,7 +97,7 @@ describe('getStatusBadgeConfig', () => {
     it('should render need_verification status and redirect to POA when POI is verified', () => {
         account_status = MT5_ACCOUNT_STATUS.NEEDS_VERIFICATION;
 
-        renderCheck(account_status, openFailedVerificationModal, selected_account_type, undefined, {
+        renderCheck(account_status, openVerificationDocsListModal, selected_account_type, undefined, {
             poi_status: AUTH_STATUS_CODES.VERIFIED,
             poa_status: AUTH_STATUS_CODES.NONE,
         });
@@ -109,7 +114,7 @@ describe('getStatusBadgeConfig', () => {
     it('should render need_verification status and redirect to POI when POI status is not verified and POA status is not verified', () => {
         account_status = MT5_ACCOUNT_STATUS.NEEDS_VERIFICATION;
 
-        renderCheck(account_status, openFailedVerificationModal, selected_account_type, undefined, {
+        renderCheck(account_status, openVerificationDocsListModal, selected_account_type, undefined, {
             poi_status: AUTH_STATUS_CODES.NONE,
             poa_status: AUTH_STATUS_CODES.NONE,
         });
diff --git a/packages/account/src/Configs/get-mt5-status-badge-config.tsx b/packages/account/src/Configs/get-mt5-status-badge-config.tsx
new file mode 100644
index 000000000000..4a70af8ff371
--- /dev/null
+++ b/packages/account/src/Configs/get-mt5-status-badge-config.tsx
@@ -0,0 +1,88 @@
+import React from 'react';
+import { Text } from '@deriv/components';
+import { MT5_ACCOUNT_STATUS, TRADING_PLATFORM_STATUS } from '@deriv/shared';
+import { Localize } from '@deriv/translations';
+import { TMT5AccountStatus } from '../Types/common.type';
+
+const getMT5StatusBadgeConfig = (mt5_account_status: TMT5AccountStatus) => {
+    const BadgeTextComponent = <Text key={0} weight='bold' size='xxxs' color='warning' />;
+
+    switch (mt5_account_status) {
+        case MT5_ACCOUNT_STATUS.PENDING:
+            return {
+                text: (
+                    <Localize
+                        i18n_default_text='<0>Pending verification</0>'
+                        components={[<Text key={0} weight='bold' size='xxxs' color='var(--status-warning)' />]}
+                    />
+                ),
+                icon: 'IcAlertWarning',
+            };
+        case MT5_ACCOUNT_STATUS.FAILED:
+            return {
+                text: (
+                    <Localize
+                        i18n_default_text='<0>Verification failed.</0> <1>Why?</1>'
+                        components={[
+                            <Text key={0} weight='bold' size='xxxs' color='var(--status-danger)' />,
+                            <Text
+                                key={1}
+                                className='link-verification-failed'
+                                onClick={() => {
+                                    //TODO: default jurisdiction;
+                                }}
+                            />,
+                        ]}
+                    />
+                ),
+                icon: 'IcRedWarning',
+            };
+        case MT5_ACCOUNT_STATUS.NEEDS_VERIFICATION: {
+            return {
+                text: (
+                    <Localize
+                        i18n_default_text='<0>Needs verification.</0><1>Verify now</1>'
+                        components={[
+                            <Text key={0} weight='bold' size='xxxs' color='var(--status-info)' />,
+                            <Text
+                                key={1}
+                                className='link-need-verification'
+                                onClick={() => {
+                                    //TODO: default jurisdiction;
+                                }}
+                            />,
+                        ]}
+                    />
+                ),
+                icon: 'IcAlertInfo',
+            };
+        }
+        case MT5_ACCOUNT_STATUS.MIGRATED_WITH_POSITION:
+            return {
+                text: <Localize i18n_default_text='<0>No new positions</0>' components={[BadgeTextComponent]} />,
+                icon: 'IcAlertWarning',
+            };
+        case MT5_ACCOUNT_STATUS.MIGRATED_WITHOUT_POSITION:
+            return {
+                text: <Localize i18n_default_text='<0>Account closed</0>' components={[BadgeTextComponent]} />,
+                icon: 'IcAlertWarning',
+            };
+        case MT5_ACCOUNT_STATUS.UNDER_MAINTENANCE:
+            return {
+                text: <Localize i18n_default_text='<0>Server maintenance</0>' components={[BadgeTextComponent]} />,
+                icon: 'IcAlertWarning',
+            };
+        case TRADING_PLATFORM_STATUS.UNAVAILABLE:
+            return {
+                text: <Localize i18n_default_text='<0>Unavailable</0>' components={[BadgeTextComponent]} />,
+                icon: 'IcAlertWarning',
+            };
+        default:
+            return {
+                text: '',
+                icon: '',
+            };
+    }
+};
+
+export default getMT5StatusBadgeConfig;
diff --git a/packages/account/src/Configs/get-status-badge-config.tsx b/packages/account/src/Configs/get-status-badge-config.tsx
index 1b2d2c24df5b..ccaf5748d8bc 100644
--- a/packages/account/src/Configs/get-status-badge-config.tsx
+++ b/packages/account/src/Configs/get-status-badge-config.tsx
@@ -1,21 +1,12 @@
 import React from 'react';
 import { Text } from '@deriv/components';
-import { AUTH_STATUS_CODES, MT5_ACCOUNT_STATUS, TRADING_PLATFORM_STATUS, routes } from '@deriv/shared';
+import { ACCOUNT_BADGE_STATUS } from '@deriv/shared';
 import { Localize } from '@deriv/translations';
-import { TAuthStatusCodes, TMT5AccountStatus } from '../Types/common.type';
-import { Link } from 'react-router-dom';
+import { TAccountBadgeStatus } from '../Types/common.type';
 
-const getStatusBadgeConfig = (
-    mt5_account_status: TMT5AccountStatus,
-    openFailedVerificationModal?: (selected_account_type: string) => void,
-    selected_account_type?: string,
-    setIsVerificationModalVisible?: (value: boolean) => void,
-    user_account_status?: { poi_status: TAuthStatusCodes; poa_status: TAuthStatusCodes }
-) => {
-    const BadgeTextComponent = <Text key={0} weight='bold' size='xxxs' color='warning' />;
-
-    switch (mt5_account_status) {
-        case MT5_ACCOUNT_STATUS.PENDING:
+const getStatusBadgeConfig = (account_status: TAccountBadgeStatus, openVerificationDocsListModal: () => void) => {
+    switch (account_status) {
+        case ACCOUNT_BADGE_STATUS.PENDING:
             return {
                 text: (
                     <Localize
@@ -25,7 +16,7 @@ const getStatusBadgeConfig = (
                 ),
                 icon: 'IcAlertWarning',
             };
-        case MT5_ACCOUNT_STATUS.FAILED:
+        case ACCOUNT_BADGE_STATUS.FAILED:
             return {
                 text: (
                     <Localize
@@ -36,7 +27,7 @@ const getStatusBadgeConfig = (
                                 key={1}
                                 className='link-verification-failed'
                                 onClick={() => {
-                                    openFailedVerificationModal?.(selected_account_type ?? '');
+                                    openVerificationDocsListModal();
                                 }}
                             />,
                         ]}
@@ -44,52 +35,26 @@ const getStatusBadgeConfig = (
                 ),
                 icon: 'IcRedWarning',
             };
-        case MT5_ACCOUNT_STATUS.NEEDS_VERIFICATION: {
-            const redirect_url =
-                user_account_status?.poi_status === AUTH_STATUS_CODES.NONE
-                    ? routes.proof_of_identity
-                    : routes.proof_of_address;
+        case ACCOUNT_BADGE_STATUS.NEEDS_VERIFICATION: {
             return {
                 text: (
                     <Localize
                         i18n_default_text='<0>Needs verification.</0><1>Verify now</1>'
                         components={[
                             <Text key={0} weight='bold' size='xxxs' color='var(--status-info)' />,
-                            setIsVerificationModalVisible ? (
-                                <Text
-                                    key={1}
-                                    className='link-need-verification'
-                                    onClick={() => setIsVerificationModalVisible?.(true)}
-                                />
-                            ) : (
-                                <Link key={1} className='link-need-verification' to={redirect_url} />
-                            ),
+                            <Text
+                                key={1}
+                                className='link-need-verification'
+                                onClick={() => {
+                                    openVerificationDocsListModal();
+                                }}
+                            />,
                         ]}
                     />
                 ),
                 icon: 'IcAlertInfo',
             };
         }
-        case MT5_ACCOUNT_STATUS.MIGRATED_WITH_POSITION:
-            return {
-                text: <Localize i18n_default_text='<0>No new positions</0>' components={[BadgeTextComponent]} />,
-                icon: 'IcAlertWarning',
-            };
-        case MT5_ACCOUNT_STATUS.MIGRATED_WITHOUT_POSITION:
-            return {
-                text: <Localize i18n_default_text='<0>Account closed</0>' components={[BadgeTextComponent]} />,
-                icon: 'IcAlertWarning',
-            };
-        case MT5_ACCOUNT_STATUS.UNDER_MAINTENANCE:
-            return {
-                text: <Localize i18n_default_text='<0>Server maintenance</0>' components={[BadgeTextComponent]} />,
-                icon: 'IcAlertWarning',
-            };
-        case TRADING_PLATFORM_STATUS.UNAVAILABLE:
-            return {
-                text: <Localize i18n_default_text='<0>Unavailable</0>' components={[BadgeTextComponent]} />,
-                icon: 'IcAlertWarning',
-            };
         default:
             return {
                 text: '',
diff --git a/packages/account/src/Types/common.type.ts b/packages/account/src/Types/common.type.ts
index 8a0508ab7bce..f2e4e0a1ff16 100644
--- a/packages/account/src/Types/common.type.ts
+++ b/packages/account/src/Types/common.type.ts
@@ -19,6 +19,7 @@ import {
     MT5_ACCOUNT_STATUS,
     Platforms,
     TRADING_PLATFORM_STATUS,
+    ACCOUNT_BADGE_STATUS,
 } from '@deriv/shared';
 
 export type TToken = NonNullable<ApiToken['tokens']>[0];
@@ -281,6 +282,8 @@ export type TFinancialInformationForm = Omit<SetFinancialAssessmentRequest, 'set
 
 export type TAuthStatusCodes = typeof AUTH_STATUS_CODES[keyof typeof AUTH_STATUS_CODES];
 
+export type TAccountBadgeStatus = typeof ACCOUNT_BADGE_STATUS[keyof typeof ACCOUNT_BADGE_STATUS] | null;
+
 export type TMT5AccountStatus =
     | typeof MT5_ACCOUNT_STATUS[keyof typeof MT5_ACCOUNT_STATUS]
     | typeof TRADING_PLATFORM_STATUS[keyof typeof TRADING_PLATFORM_STATUS];
diff --git a/packages/appstore/src/components/cfds-listing/index.tsx b/packages/appstore/src/components/cfds-listing/index.tsx
index 48aed37313f6..33498f5c3842 100644
--- a/packages/appstore/src/components/cfds-listing/index.tsx
+++ b/packages/appstore/src/components/cfds-listing/index.tsx
@@ -4,8 +4,6 @@ import { Loading, Text } from '@deriv/components';
 import {
     CFD_PLATFORMS,
     formatMoney,
-    getAuthenticationStatusInfo,
-    Jurisdiction,
     MT5_ACCOUNT_STATUS,
     TRADING_PLATFORM_STATUS,
     makeLazyLoader,
@@ -68,7 +66,7 @@ const CFDsListing = observer(() => {
         no_MF_account,
         toggleAccountTransferModal,
         is_demo,
-        openFailedVerificationModal,
+        openVerificationDocsListModal,
         showTopUpModal,
         no_CR_account,
         setSelectedAccount,
@@ -91,18 +89,11 @@ const CFDsListing = observer(() => {
         ctrader_total_balance,
     } = client;
     const { setAppstorePlatform } = common;
-    const { openDerivRealAccountNeededModal, setShouldShowCooldownModal, setIsMT5VerificationFailedModal } = ui;
+    const { openDerivRealAccountNeededModal, setShouldShowCooldownModal } = ui;
     const has_no_real_account = !has_any_real_account;
     const accounts_sub_text =
         !is_eu_user || is_demo_low_risk ? localize('Compare accounts') : localize('Account Information');
 
-    const {
-        poi_pending_for_bvi_labuan_vanuatu,
-        poi_resubmit_for_bvi_labuan_vanuatu,
-        poa_resubmit_for_labuan,
-        is_idv_revoked,
-    } = getAuthenticationStatusInfo(account_status);
-
     const default_jurisdiction = useGetDefaultMT5Jurisdiction();
     const [is_traders_dashboard_tracking_enabled] = useGrowthbookGetFeatureValue({
         featureFlag: 'ce_tradershub_dashboard_tracking',
@@ -110,7 +101,6 @@ const CFDsListing = observer(() => {
     });
 
     const { has_svg_accounts_to_migrate } = useMT5SVGEligibleToMigrate();
-    const getAuthStatus = (status_list: boolean[]) => status_list.some(status => status);
 
     const { getPlatformStatus } = useTradingPlatformStatus();
 
@@ -143,63 +133,19 @@ const CFDsListing = observer(() => {
             return MT5_ACCOUNT_STATUS.UNDER_MAINTENANCE;
         } else if (current_acc_status === 'unavailable') {
             return TRADING_PLATFORM_STATUS.UNAVAILABLE;
-        }
-
-        if (jurisdiction) {
-            switch (jurisdiction) {
-                case Jurisdiction.BVI: {
-                    if (
-                        getAuthStatus([
-                            is_idv_revoked,
-                            poi_resubmit_for_bvi_labuan_vanuatu,
-                            current_acc_status === 'proof_failed',
-                        ])
-                    ) {
-                        return MT5_ACCOUNT_STATUS.FAILED;
-                    } else if (
-                        getAuthStatus([
-                            poi_pending_for_bvi_labuan_vanuatu,
-                            current_acc_status === 'verification_pending',
-                        ])
-                    ) {
-                        return MT5_ACCOUNT_STATUS.PENDING;
-                    }
-                    return null;
-                }
-                case Jurisdiction.LABUAN: {
-                    if (
-                        getAuthStatus([
-                            poa_resubmit_for_labuan,
-                            is_idv_revoked,
-                            poi_resubmit_for_bvi_labuan_vanuatu,
-                            current_acc_status === 'proof_failed',
-                        ])
-                    ) {
-                        return MT5_ACCOUNT_STATUS.FAILED;
-                    } else if (
-                        getAuthStatus([
-                            poi_pending_for_bvi_labuan_vanuatu,
-                            current_acc_status === 'verification_pending',
-                        ])
-                    ) {
-                        return MT5_ACCOUNT_STATUS.PENDING;
-                    }
-                    return null;
-                }
-                default:
-                    if (current_acc_status === 'proof_failed') {
-                        return MT5_ACCOUNT_STATUS.FAILED;
-                    } else if (current_acc_status === 'verification_pending') {
-                        return MT5_ACCOUNT_STATUS.PENDING;
-                    } else if (current_acc_status === 'needs_verification') {
-                        return MT5_ACCOUNT_STATUS.NEEDS_VERIFICATION;
-                    } else if (current_acc_status === 'migrated_with_position') {
-                        return MT5_ACCOUNT_STATUS.MIGRATED_WITH_POSITION;
-                    } else if (current_acc_status === 'migrated_without_position') {
-                        return MT5_ACCOUNT_STATUS.MIGRATED_WITHOUT_POSITION;
-                    }
-                    return null;
+        } else if (jurisdiction) {
+            if (current_acc_status === 'proof_failed') {
+                return MT5_ACCOUNT_STATUS.FAILED;
+            } else if (current_acc_status === 'verification_pending') {
+                return MT5_ACCOUNT_STATUS.PENDING;
+            } else if (current_acc_status === 'needs_verification') {
+                return MT5_ACCOUNT_STATUS.NEEDS_VERIFICATION;
+            } else if (current_acc_status === 'migrated_with_position') {
+                return MT5_ACCOUNT_STATUS.MIGRATED_WITH_POSITION;
+            } else if (current_acc_status === 'migrated_without_position') {
+                return MT5_ACCOUNT_STATUS.MIGRATED_WITHOUT_POSITION;
             }
+            return null;
         }
         return '';
     };
@@ -267,7 +213,7 @@ const CFDsListing = observer(() => {
 
                         const track_account_subtitle = existing_account.tracking_name;
                         const has_mt5_account_status =
-                            existing_account?.status || is_idv_revoked || hasMaintenanceStatus
+                            existing_account?.status || hasMaintenanceStatus
                                 ? getMT5AccountAuthStatus(
                                       existing_account?.status,
                                       existing_account?.landing_company_short
@@ -352,12 +298,6 @@ const CFDsListing = observer(() => {
                                                 });
                                             }
 
-                                            if (has_mt5_account_status === MT5_ACCOUNT_STATUS.FAILED && is_eu_user) {
-                                                setIsMT5VerificationFailedModal(true);
-                                                openFailedVerificationModal(existing_account);
-                                                return;
-                                            }
-
                                             startTrade(existing_account.platform, existing_account);
                                         }
                                     }
@@ -369,7 +309,7 @@ const CFDsListing = observer(() => {
                                     type: existing_account.market_type,
                                     jurisdiction: existing_account.landing_company_short,
                                 }}
-                                openFailedVerificationModal={openFailedVerificationModal}
+                                openVerificationDocsListModal={openVerificationDocsListModal}
                                 market_type={existing_account?.market_type}
                             />
                         );
diff --git a/packages/appstore/src/components/containers/__tests__/trading-app-card.spec.tsx b/packages/appstore/src/components/containers/__tests__/trading-app-card.spec.tsx
index dacafe3bec8a..8e212dc6bda9 100644
--- a/packages/appstore/src/components/containers/__tests__/trading-app-card.spec.tsx
+++ b/packages/appstore/src/components/containers/__tests__/trading-app-card.spec.tsx
@@ -36,7 +36,7 @@ describe('<TradingAppCard/>', () => {
             type: 'synthetic',
             jurisdiction: 'svg',
         },
-        openFailedVerificationModal: jest.fn(),
+        openVerificationDocsListModal: jest.fn(),
         market_type: 'synthetic',
     };
 
diff --git a/packages/appstore/src/components/containers/trading-app-card.tsx b/packages/appstore/src/components/containers/trading-app-card.tsx
index b0ad47798d85..10f54b96e6dc 100644
--- a/packages/appstore/src/components/containers/trading-app-card.tsx
+++ b/packages/appstore/src/components/containers/trading-app-card.tsx
@@ -1,6 +1,6 @@
 import React from 'react';
 import classNames from 'classnames';
-import getStatusBadgeConfig from '@deriv/account/src/Configs/get-status-badge-config';
+import getMT5StatusBadgeConfig from '@deriv/account/src/Configs/get-mt5-status-badge-config';
 import { Text, StatusBadge } from '@deriv/components';
 import { Localize } from '@deriv/translations';
 import { Analytics } from '@deriv-com/analytics';
@@ -43,7 +43,7 @@ const TradingAppCard = ({
     short_code_and_region,
     mt5_acc_auth_status,
     selected_mt5_jurisdiction,
-    openFailedVerificationModal,
+    openVerificationDocsListModal,
     market_type,
     is_new = false,
 }: Actions & BrandConfig & AvailableAccount & TDetailsOfEachMT5Loginid) => {
@@ -54,7 +54,6 @@ const TradingAppCard = ({
         modules: { cfd },
         client,
     } = useStore();
-    const { setIsVerificationModalVisible } = ui;
     const { is_eu_user, is_demo_low_risk, content_flag, is_real, selected_account_type } = traders_hub;
     const { current_language, setAppstorePlatform } = common;
     const { is_account_being_created, setAccountUnavailableModal, setServerMaintenanceModal } = cfd;
@@ -77,13 +76,7 @@ const TradingAppCard = ({
         link_to: '',
     };
 
-    const { text: badge_text, icon: badge_icon } = getStatusBadgeConfig(
-        mt5_acc_auth_status,
-        openFailedVerificationModal,
-        selected_mt5_jurisdiction,
-        setIsVerificationModalVisible,
-        { poi_status: authentication?.identity?.status, poa_status: authentication?.document?.status }
-    );
+    const { text: badge_text, icon: badge_icon } = getMT5StatusBadgeConfig(mt5_acc_auth_status);
 
     const handleStatusBadgeClick = (mt5_acc_auth_status: string) => {
         switch (mt5_acc_auth_status) {
diff --git a/packages/appstore/src/components/currency-switcher-card/real/real-account-switcher.tsx b/packages/appstore/src/components/currency-switcher-card/real/real-account-switcher.tsx
index d88817f35b29..b04afce2ca23 100644
--- a/packages/appstore/src/components/currency-switcher-card/real/real-account-switcher.tsx
+++ b/packages/appstore/src/components/currency-switcher-card/real/real-account-switcher.tsx
@@ -13,7 +13,7 @@ const AccountNeedsVerification = observer(() => {
     const mf_account_status = useMFAccountStatus();
     const { client, traders_hub } = useStore();
     const { account_list, loginid, account_status } = client;
-    const { openModal, openFailedVerificationModal } = traders_hub;
+    const { openModal, openVerificationDocsListModal } = traders_hub;
 
     const account = account_list?.find((acc: { loginid?: string }) => loginid === acc?.loginid);
     const icon_title = account?.title;
@@ -22,8 +22,7 @@ const AccountNeedsVerification = observer(() => {
 
     const { text: badge_text, icon: badge_icon } = getStatusBadgeConfig(
         mf_account_status,
-        openFailedVerificationModal,
-        'multipliers',
+        openVerificationDocsListModal,
         undefined,
         { poi_status: authentication?.identity?.status, poa_status: authentication?.document?.status }
     );
diff --git a/packages/appstore/src/components/modals/failed-veriification-modal/failed-verification-modal.tsx b/packages/appstore/src/components/modals/failed-veriification-modal/failed-verification-modal.tsx
deleted file mode 100644
index 795b4dd3eb2b..000000000000
--- a/packages/appstore/src/components/modals/failed-veriification-modal/failed-verification-modal.tsx
+++ /dev/null
@@ -1,148 +0,0 @@
-import React from 'react';
-import { observer } from 'mobx-react-lite';
-import { useStores } from 'Stores';
-import { useHistory } from 'react-router-dom';
-import { localize, Localize } from '@deriv/translations';
-import { Text, Dialog } from '@deriv/components';
-import { isMobile, getAuthenticationStatusInfo, routes, Jurisdiction } from '@deriv/shared';
-import './failed-verification-modal.scss';
-
-type TFailedVerificationModal = {
-    should_resubmit_poi: boolean;
-    should_resubmit_poa: boolean;
-    from_account: string;
-    is_from_multipliers: boolean;
-    has_mf_mt5_account: boolean;
-};
-
-const FailedVerificationModalContent = ({
-    should_resubmit_poi,
-    should_resubmit_poa,
-    from_account,
-    is_from_multipliers,
-    has_mf_mt5_account,
-}: TFailedVerificationModal) => {
-    return (
-        <React.Fragment>
-            <Text size={isMobile() ? 'xxs' : 'xs'}>
-                <Localize i18n_default_text='The following documents you submitted did not pass our checks:' />
-            </Text>
-            <div className='failed-verification-modal__failed_list'>
-                {should_resubmit_poi && (
-                    <Text
-                        size={isMobile() ? 'xxs' : 'xs'}
-                        line_height='xl'
-                        className='failed-verification-modal__failed_list-item'
-                    >
-                        <Localize i18n_default_text='Proof of identity' />
-                    </Text>
-                )}
-                {should_resubmit_poa && (
-                    <Text
-                        size={isMobile() ? 'xxs' : 'xs'}
-                        line_height='xl'
-                        className='failed-verification-modal__failed_list-item'
-                    >
-                        <Localize i18n_default_text='Proof of address.' />
-                    </Text>
-                )}
-            </div>
-            {!is_from_multipliers && has_mf_mt5_account ? (
-                <Text size={isMobile() ? 'xxs' : 'xs'}>
-                    <Localize i18n_default_text='To proceed, resubmit these documents' />
-                </Text>
-            ) : (
-                <Text size={isMobile() ? 'xxs' : 'xs'}>
-                    <Localize
-                        i18n_default_text='If you’d like to get the {{from_account}} account, resubmit these documents.'
-                        values={{ from_account }}
-                    />
-                </Text>
-            )}
-        </React.Fragment>
-    );
-};
-
-const FailedVerificationModal = () => {
-    const {
-        traders_hub,
-        ui,
-        modules: { cfd },
-        client,
-    } = useStores();
-    const {
-        is_failed_verification_modal_visible,
-        mt5_existing_account,
-        toggleFailedVerificationModalVisibility,
-        open_failed_verification_for,
-        startTrade,
-    } = traders_hub;
-    const { account_status } = client;
-    const { current_list } = cfd;
-    const { disableApp, enableApp, is_mt5_verification_failed_modal, setIsMT5VerificationFailedModal } = ui;
-    const is_from_multipliers = open_failed_verification_for === 'multipliers';
-    const has_mf_mt5_account = Object.keys(current_list)
-        .map(key => current_list[key])
-        .some(account => account.landing_company_short === Jurisdiction.MALTA_INVEST);
-
-    const { poi_resubmit_for_maltainvest, poi_resubmit_for_bvi_labuan_vanuatu, need_poa_resubmission } =
-        getAuthenticationStatusInfo(account_status);
-    const history = useHistory();
-
-    const closeModal = () => {
-        setIsMT5VerificationFailedModal(false);
-        if (is_mt5_verification_failed_modal) {
-            toggleFailedVerificationModalVisibility();
-            startTrade(mt5_existing_account.platform, mt5_existing_account);
-            return;
-        }
-        toggleFailedVerificationModalVisibility();
-    };
-
-    const onConfirmModal = () => {
-        setIsMT5VerificationFailedModal(false);
-        toggleFailedVerificationModalVisibility();
-        if (is_from_multipliers) {
-            if (should_resubmit_poi()) {
-                history.push(routes.proof_of_identity);
-            } else {
-                history.push(routes.proof_of_address);
-            }
-        }
-    };
-
-    const should_resubmit_poi = () => {
-        if (is_from_multipliers || open_failed_verification_for === 'maltainvest') {
-            return poi_resubmit_for_maltainvest;
-        }
-        return poi_resubmit_for_bvi_labuan_vanuatu;
-    };
-    const should_resubmit_poa = need_poa_resubmission;
-    const from_account_label = is_from_multipliers ? localize('Multipliers') : localize('MT5');
-
-    return (
-        <Dialog
-            title={localize('Why did my verification fail?')}
-            confirm_button_text={localize('Resubmit documents')}
-            cancel_button_text={localize('Maybe later')}
-            is_closed_on_cancel
-            disableApp={disableApp}
-            enableApp={enableApp}
-            is_closed_on_confirm
-            is_visible={is_failed_verification_modal_visible}
-            onCancel={closeModal}
-            onConfirm={onConfirmModal}
-            className='failed-verification-modal'
-        >
-            <FailedVerificationModalContent
-                should_resubmit_poi={should_resubmit_poi()}
-                should_resubmit_poa={should_resubmit_poa}
-                from_account={from_account_label}
-                is_from_multipliers={is_from_multipliers}
-                has_mf_mt5_account={has_mf_mt5_account}
-            />
-        </Dialog>
-    );
-};
-
-export default observer(FailedVerificationModal);
diff --git a/packages/appstore/src/components/modals/modal-manager.tsx b/packages/appstore/src/components/modals/modal-manager.tsx
index 80de78e91e9a..9b1711591479 100644
--- a/packages/appstore/src/components/modals/modal-manager.tsx
+++ b/packages/appstore/src/components/modals/modal-manager.tsx
@@ -8,10 +8,10 @@ import { useStores } from 'Stores';
 import { DetailsOfEachMT5Loginid } from '@deriv/api-types';
 import CFDResetPasswordModal from '@deriv/cfd/src/Containers/cfd-reset-password-modal';
 
-const FailedVerificationModal = makeLazyLoader(
+const VerificationDocsListModal = makeLazyLoader(
     () =>
         moduleLoader(
-            () => import(/* webpackChunkName: "modal_failed-veriification-modal" */ './failed-veriification-modal')
+            () => import(/* webpackChunkName: "modal_failed-veriification-modal" */ './verification-docs-list-modal')
         ),
     () => <Loading />
 )();
@@ -208,7 +208,7 @@ const ModalManager = () => {
         is_account_transfer_modal_open,
         toggleAccountTransferModal,
         is_real_wallets_upgrade_on,
-        is_failed_verification_modal_visible,
+        is_verification_docs_list_modal_visible,
         is_regulators_compare_modal_visible,
         is_wallet_migration_failed,
         is_setup_real_account_or_go_to_demo_modal_visible,
@@ -324,7 +324,7 @@ const ModalManager = () => {
                     toggleModal={toggleAccountTransferModal}
                 />
             )}
-            {is_failed_verification_modal_visible && <FailedVerificationModal />}
+            {is_verification_docs_list_modal_visible && <VerificationDocsListModal />}
             <React.Fragment>
                 {is_wallet_migration_failed && <WalletsMigrationFailed />}
                 {(is_eligible || is_real_wallets_upgrade_on || is_in_progress) && <WalletsUpgradeModal />}
diff --git a/packages/appstore/src/components/modals/failed-veriification-modal/index.ts b/packages/appstore/src/components/modals/verification-docs-list-modal/index.ts
similarity index 100%
rename from packages/appstore/src/components/modals/failed-veriification-modal/index.ts
rename to packages/appstore/src/components/modals/verification-docs-list-modal/index.ts
diff --git a/packages/appstore/src/components/modals/failed-veriification-modal/failed-verification-modal.scss b/packages/appstore/src/components/modals/verification-docs-list-modal/verification-docs-list-modal.scss
similarity index 100%
rename from packages/appstore/src/components/modals/failed-veriification-modal/failed-verification-modal.scss
rename to packages/appstore/src/components/modals/verification-docs-list-modal/verification-docs-list-modal.scss
diff --git a/packages/appstore/src/components/modals/verification-docs-list-modal/verification-docs-list-modal.tsx b/packages/appstore/src/components/modals/verification-docs-list-modal/verification-docs-list-modal.tsx
new file mode 100644
index 000000000000..6413124dcf96
--- /dev/null
+++ b/packages/appstore/src/components/modals/verification-docs-list-modal/verification-docs-list-modal.tsx
@@ -0,0 +1,100 @@
+import React from 'react';
+import { observer, useStore } from '@deriv/stores';
+import { useHistory } from 'react-router-dom';
+import { localize, Localize } from '@deriv/translations';
+import { Text, Dialog } from '@deriv/components';
+import { getAuthenticationStatusInfo, routes } from '@deriv/shared';
+import { useDevice } from '@deriv-com/ui';
+import './verification-docs-list-modal.scss';
+
+type TFailedVerificationModalProps = {
+    identity: string;
+    address: string;
+    tax: string;
+};
+
+const VerificationDocsListModalContent = ({ identity, address, tax }: TFailedVerificationModalProps) => {
+    const { isMobile } = useDevice();
+    return (
+        <React.Fragment>
+            <Text size={isMobile ? 'xxs' : 'xs'}>
+                <Localize i18n_default_text='The following documents you submitted did not pass our checks:' />
+            </Text>
+            <div className='failed-verification-modal__failed_list'>
+                {identity && (
+                    <Text
+                        size={isMobile ? 'xxs' : 'xs'}
+                        line_height='xl'
+                        className='failed-verification-modal__failed_list-item'
+                    >
+                        <Localize i18n_default_text='Proof of identity' />
+                    </Text>
+                )}
+                {address && (
+                    <Text
+                        size={isMobile ? 'xxs' : 'xs'}
+                        line_height='xl'
+                        className='failed-verification-modal__failed_list-item'
+                    >
+                        <Localize i18n_default_text='Proof of address.' />
+                    </Text>
+                )}
+                {tax && (
+                    <Text
+                        size={isMobile ? 'xxs' : 'xs'}
+                        line_height='xl'
+                        className='failed-verification-modal__failed_list-item'
+                    >
+                        <Localize i18n_default_text='Tax residence.' />
+                    </Text>
+                )}
+            </div>
+            <Text size={isMobile ? 'xxs' : 'xs'}>
+                <Localize i18n_default_text='If you’d like to get the Multipliers account, resubmit these documents.' />
+            </Text>
+        </React.Fragment>
+    );
+};
+
+const VerificationDocsListModal = observer(({ identity, address, tax }: TFailedVerificationModalProps) => {
+    const { traders_hub, ui, client } = useStore();
+    const { is_verification_docs_list_modal_visible, toggleVerificationModal } = traders_hub;
+    const { account_status } = client;
+    const { disableApp, enableApp } = ui;
+
+    const { need_poi_submission, need_poa_submission } = useGetMFAccountStatus();
+    const history = useHistory();
+
+    const closeModal = () => {
+        toggleVerificationModal();
+    };
+
+    const onConfirmModal = () => {
+        toggleVerificationModal();
+        if (identity) {
+            history.push(routes.proof_of_identity);
+        } else {
+            history.push(routes.proof_of_address);
+        }
+    };
+
+    return (
+        <Dialog
+            title={localize('Why did my verification fail?')}
+            confirm_button_text={localize('Resubmit documents')}
+            cancel_button_text={localize('Maybe later')}
+            is_closed_on_cancel
+            disableApp={disableApp}
+            enableApp={enableApp}
+            is_closed_on_confirm
+            is_visible={is_verification_docs_list_modal_visible}
+            onCancel={closeModal}
+            onConfirm={onConfirmModal}
+            className='failed-verification-modal'
+        >
+            <VerificationDocsListModalContent identity={identity} address={address} tax={tax} />
+        </Dialog>
+    );
+});
+
+export default observer(VerificationDocsListModal);
diff --git a/packages/appstore/src/types/common.types.ts b/packages/appstore/src/types/common.types.ts
index ba0237f5730b..2a98ddd4ceb1 100644
--- a/packages/appstore/src/types/common.types.ts
+++ b/packages/appstore/src/types/common.types.ts
@@ -63,7 +63,7 @@ export type TDetailsOfEachMT5Loginid = DetailsOfEachMT5Loginid & {
         };
     platform?: TPlatform;
     product?: 'swap_free' | 'zero_spread' | 'derivx' | 'ctrader';
-    openFailedVerificationModal?: (from_account: string) => void;
+    openVerificationDocsListModal?: () => void;
     market_type: NonNullable<TTradingPlatformAvailableAccount['market_type']> | TMarketType;
 };
 
diff --git a/packages/cashier/src/components/cashier-locked/cashier-locked.tsx b/packages/cashier/src/components/cashier-locked/cashier-locked.tsx
index 40cfc8e49d31..7f0771bd91ac 100644
--- a/packages/cashier/src/components/cashier-locked/cashier-locked.tsx
+++ b/packages/cashier/src/components/cashier-locked/cashier-locked.tsx
@@ -5,7 +5,7 @@ import { EmptyState } from '@deriv/components';
 import { useCashierLocked, useDepositLocked, useIsSystemMaintenance, useMFAccountStatus } from '@deriv/hooks';
 import getMessage from './cashier-locked-provider';
 import './cashier-locked.scss';
-import { MT5_ACCOUNT_STATUS } from '@deriv/shared';
+import { ACCOUNT_BADGE_STATUS } from '@deriv/shared';
 
 const CashierLocked = observer(() => {
     const {
@@ -41,7 +41,7 @@ const CashierLocked = observer(() => {
         is_deposit_locked,
         is_withdrawal_locked,
         is_identity_verification_needed,
-        is_pending_verification: mf_account_status === MT5_ACCOUNT_STATUS.PENDING,
+        is_pending_verification: mf_account_status === ACCOUNT_BADGE_STATUS.PENDING,
         is_account_to_be_closed_by_residence,
         account_time_of_closure,
     });
diff --git a/packages/cfd/src/Components/props.types.ts b/packages/cfd/src/Components/props.types.ts
index e12c5d7ded86..250acf4e2d79 100644
--- a/packages/cfd/src/Components/props.types.ts
+++ b/packages/cfd/src/Components/props.types.ts
@@ -295,5 +295,5 @@ export type TDetailsOfEachMT5Loginid = DetailsOfEachMT5Loginid & {
             platform?: string;
         };
 
-    openFailedVerificationModal?: (from_account: string) => void;
+    openVerificationDocsListModal?: () => void;
 };
diff --git a/packages/cfd/src/Containers/dmt5-trade-modal.tsx b/packages/cfd/src/Containers/dmt5-trade-modal.tsx
index 5c11a957b48a..68182f252f74 100644
--- a/packages/cfd/src/Containers/dmt5-trade-modal.tsx
+++ b/packages/cfd/src/Containers/dmt5-trade-modal.tsx
@@ -2,7 +2,7 @@ import React from 'react';
 import { DetailsOfEachMT5Loginid } from '@deriv/api-types';
 import { useDevice } from '@deriv-com/ui';
 import { Text, Icon, Money, StatusBadge } from '@deriv/components';
-import getStatusBadgeConfig from '@deriv/account/src/Configs/get-status-badge-config';
+import getMT5StatusBadgeConfig from '@deriv/account/src/Configs/get-mt5-status-badge-config';
 import { getCFDAccountKey, MT5_ACCOUNT_STATUS } from '@deriv/shared';
 import { observer, useStore } from '@deriv/stores';
 import { Localize, localize } from '@deriv/translations';
@@ -70,16 +70,7 @@ const DMT5TradeModal = observer(
             return 'Financial';
         };
 
-        const { text: badge_text, icon: badge_icon } = getStatusBadgeConfig(
-            mt5_trade_account?.status,
-            undefined,
-            undefined,
-            undefined,
-            {
-                poi_status: authentication?.identity?.status,
-                poa_status: authentication?.document?.status,
-            }
-        );
+        const { text: badge_text, icon: badge_icon } = getMT5StatusBadgeConfig(mt5_trade_account?.status);
         const has_migration_status = [
             MT5_ACCOUNT_STATUS.MIGRATED_WITH_POSITION,
             MT5_ACCOUNT_STATUS.MIGRATED_WITHOUT_POSITION,
diff --git a/packages/core/src/App/Containers/CurrencySelectionModal/curreny-selection-modal.tsx b/packages/core/src/App/Containers/CurrencySelectionModal/curreny-selection-modal.tsx
index 9996c8ed5cd5..5bebcb3abfc9 100644
--- a/packages/core/src/App/Containers/CurrencySelectionModal/curreny-selection-modal.tsx
+++ b/packages/core/src/App/Containers/CurrencySelectionModal/curreny-selection-modal.tsx
@@ -23,15 +23,15 @@ const CurrencySelectionModal = observer(({ is_visible }: CurrencySelectionModalP
         account_status,
         loginid: current_loginid,
     } = client;
-    const { closeModal, selected_region, openFailedVerificationModal } = traders_hub;
+    const { closeModal, selected_region, openVerificationDocsListModal } = traders_hub;
     const { openRealAccountSignup, toggleSetCurrencyModal } = ui;
     const { authentication } = account_status || {};
 
     const mf_account_status = useMFAccountStatus();
+
     const { text: badge_text, icon: badge_icon } = getStatusBadgeConfig(
         mf_account_status,
-        openFailedVerificationModal,
-        'multipliers',
+        openVerificationDocsListModal,
         undefined,
         { poi_status: authentication?.identity?.status, poa_status: authentication?.document?.status }
     );
diff --git a/packages/core/src/Stores/traders-hub-store.js b/packages/core/src/Stores/traders-hub-store.js
index 1cc0cd1a1b1e..02209da843b4 100644
--- a/packages/core/src/Stores/traders-hub-store.js
+++ b/packages/core/src/Stores/traders-hub-store.js
@@ -16,12 +16,10 @@ export default class TradersHubStore extends BaseStore {
     selected_region;
     is_onboarding_visited = false;
     is_first_time_visit = true;
-    is_failed_verification_modal_visible = false;
+    is_verification_docs_list_modal_visible = false;
     is_regulators_compare_modal_visible = false;
     account_type_card = '';
     selected_platform_type = 'options';
-    mt5_existing_account = {};
-    open_failed_verification_for = '';
     modal_data = {
         active_modal: '',
         data: {},
@@ -56,7 +54,7 @@ export default class TradersHubStore extends BaseStore {
             combined_cfd_mt5_accounts: observable,
             is_account_transfer_modal_open: observable,
             is_regulators_compare_modal_visible: observable,
-            is_failed_verification_modal_visible: observable,
+            is_verification_docs_list_modal_visible: observable,
             modal_data: observable,
             is_onboarding_visited: observable,
             is_first_time_visit: observable,
@@ -66,8 +64,6 @@ export default class TradersHubStore extends BaseStore {
             active_modal_tab: observable,
             active_modal_wallet_id: observable,
             selected_region: observable,
-            mt5_existing_account: observable,
-            open_failed_verification_for: observable,
             is_real_wallets_upgrade_on: observable,
             is_wallet_migration_failed: observable,
             is_cfd_restricted_country: observable,
@@ -110,9 +106,8 @@ export default class TradersHubStore extends BaseStore {
             closeAccountTransferModal: action.bound,
             setIsOnboardingVisited: action.bound,
             setIsFirstTimeVisit: action.bound,
-            toggleFailedVerificationModalVisibility: action.bound,
-            setMT5ExistingAccount: action.bound,
-            openFailedVerificationModal: action.bound,
+            toggleVerificationModal: action.bound,
+            openVerificationDocsListModalal: action.bound,
             toggleRegulatorsCompareModal: action.bound,
             showTopUpModal: action.bound,
             toggleWalletsUpgrade: action.bound,
@@ -768,36 +763,18 @@ export default class TradersHubStore extends BaseStore {
         this.is_account_transfer_modal_open = !this.is_account_transfer_modal_open;
     }
 
-    toggleFailedVerificationModalVisibility() {
-        this.is_failed_verification_modal_visible = !this.is_failed_verification_modal_visible;
+    toggleVerificationModal() {
+        this.is_verification_docs_list_modal_visible = !this.is_verification_docs_list_modal_visible;
     }
 
-    setMT5ExistingAccount(existing_account) {
-        this.mt5_existing_account = existing_account;
-    }
-
-    openFailedVerificationModal(selected_account_type) {
+    openVerificationDocsListModalal() {
         const {
-            common,
             modules: { cfd },
         } = this.root_store;
-        const { setJurisdictionSelectedShortcode, setAccountType } = cfd;
-        const { setAppstorePlatform } = common;
+        const { setJurisdictionSelectedShortcode } = cfd;
 
-        if (selected_account_type?.platform === CFD_PLATFORMS.MT5) {
-            setAppstorePlatform(selected_account_type.platform);
-            setAccountType({
-                category: selected_account_type.category,
-                type: selected_account_type.type,
-            });
-            this.setMT5ExistingAccount(selected_account_type);
-            setJurisdictionSelectedShortcode(selected_account_type.jurisdiction);
-        } else {
-            setJurisdictionSelectedShortcode('');
-        }
-        this.open_failed_verification_for =
-            selected_account_type?.platform === CFD_PLATFORMS.MT5 ? selected_account_type?.jurisdiction : 'multipliers';
-        this.toggleFailedVerificationModalVisibility();
+        setJurisdictionSelectedShortcode('');
+        this.toggleVerificationModal();
     }
 
     showTopUpModal(data) {
diff --git a/packages/core/src/Stores/ui-store.js b/packages/core/src/Stores/ui-store.js
index 122f41d2223f..0495d8929804 100644
--- a/packages/core/src/Stores/ui-store.js
+++ b/packages/core/src/Stores/ui-store.js
@@ -141,7 +141,6 @@ export default class UIStore extends BaseStore {
         target_label: '',
         target_dmt5_label: '',
     };
-    is_mt5_verification_failed_modal = false;
 
     manage_real_account_tab_index = 0;
 
@@ -256,7 +255,6 @@ export default class UIStore extends BaseStore {
             is_app_disabled: observable,
             is_cashier_visible: observable,
             is_cfd_page: observable,
-            is_mt5_verification_failed_modal: observable,
 
             is_closing_create_real_account_modal: observable,
             is_dark_mode_on: observable,
@@ -371,7 +369,6 @@ export default class UIStore extends BaseStore {
             toggleNeedRealAccountForCashierModal: action.bound,
             toggleShouldShowRealAccountsList: action.bound,
             shouldNavigateAfterChooseCrypto: action.bound,
-            setIsMT5VerificationFailedModal: action.bound,
             setShouldShowRiskWarningModal: action.bound,
             setIsWalletModalVisible: action.bound,
             setIsRealTabEnabled: action.bound,
@@ -461,10 +458,6 @@ export default class UIStore extends BaseStore {
         this.notification_messages_ui = notification_messages;
     }
 
-    setIsMT5VerificationFailedModal(value) {
-        this.is_mt5_verification_failed_modal = value;
-    }
-
     setAppContentsScrollRef(value) {
         this.app_contents_scroll_ref = value;
     }
diff --git a/packages/hooks/src/useGetMFAccountStatus.ts b/packages/hooks/src/useGetMFAccountStatus.ts
index 0fd07192784d..378439dcc718 100644
--- a/packages/hooks/src/useGetMFAccountStatus.ts
+++ b/packages/hooks/src/useGetMFAccountStatus.ts
@@ -1,4 +1,5 @@
 import { useStore } from '@deriv/stores';
+import { ACCOUNT_BADGE_STATUS } from '@deriv/shared';
 
 const useGetMFAccountStatus = () => {
     const { client } = useStore();
@@ -23,6 +24,7 @@ const useGetMFAccountStatus = () => {
     const need_poa_resubmission = poa_status && failed_cases.includes(poa_status);
     const poa_pending = poa_status === STATUS.PENDING;
     const poa_not_submitted = poa_status === STATUS.NONE;
+    const need_poa_submission = !poa_pending && (need_poa_resubmission || poa_not_submitted);
 
     const poi_verified_by_onfido_or_manual = [onfido_status, manual_status].includes(STATUS.VERIFIED);
     const poi_pending_by_onfido_or_manual =
@@ -31,20 +33,29 @@ const useGetMFAccountStatus = () => {
     const poi_not_submitted_by_onfido_or_manual = [onfido_status, manual_status].every(
         status => status === STATUS.NONE
     );
-
-    const need_poi_resubmission_by_onfido_or_manual =
-        !poi_pending_by_onfido_or_manual && !poi_not_submitted_by_onfido_or_manual && !poi_verified_by_onfido_or_manual;
-
-    if (poa_status && onfido_status && manual_status) {
-        if (need_poi_resubmission_by_onfido_or_manual || need_poa_resubmission) {
-            return 'failed';
-        } else if (poi_not_submitted_by_onfido_or_manual || poa_not_submitted) {
-            return 'needs_verification';
-        } else if (poi_pending_by_onfido_or_manual || poa_pending) {
-            return 'pending';
+    const need_poi_submission = !poi_pending_by_onfido_or_manual && !poi_verified_by_onfido_or_manual;
+
+    const need_poi_resubmission = !poi_not_submitted_by_onfido_or_manual && need_poi_submission;
+
+    const getMFAccountStatus = () => {
+        if (poa_status && onfido_status && manual_status) {
+            if (need_poi_resubmission || need_poa_resubmission) {
+                return ACCOUNT_BADGE_STATUS.FAILED;
+            } else if (poi_not_submitted_by_onfido_or_manual || poa_not_submitted) {
+                return ACCOUNT_BADGE_STATUS.NEEDS_VERIFICATION;
+            } else if (poi_pending_by_onfido_or_manual || poa_pending) {
+                return ACCOUNT_BADGE_STATUS.PENDING;
+            }
+            return null;
         }
-    }
-    return null;
+        return null;
+    };
+
+    return {
+        mf_account_status: getMFAccountStatus(),
+        need_poi_submission,
+        need_poa_submission,
+    };
 };
 
 export default useGetMFAccountStatus;
diff --git a/packages/hooks/src/useMFAccountStatus.ts b/packages/hooks/src/useMFAccountStatus.ts
index 4b74c71b90bc..b6db4fa5f6fb 100644
--- a/packages/hooks/src/useMFAccountStatus.ts
+++ b/packages/hooks/src/useMFAccountStatus.ts
@@ -1,4 +1,4 @@
-import { MT5_ACCOUNT_STATUS } from '@deriv/shared';
+import { ACCOUNT_BADGE_STATUS } from '@deriv/shared';
 import useHasMaltaInvestAccount from './useHasMaltaInvestAccount';
 import useGetMFAccountStatus from './useGetMFAccountStatus';
 import { useStore } from '@deriv/stores';
@@ -8,16 +8,16 @@ const useMFAccountStatus = () => {
         client: { is_eu },
     } = useStore();
     const has_malta_invest_account = useHasMaltaInvestAccount();
-    const mf_status = useGetMFAccountStatus();
+    const { mf_account_status } = useGetMFAccountStatus();
 
     const should_show_status_for_multipliers_account =
         is_eu &&
         has_malta_invest_account &&
-        mf_status &&
-        [MT5_ACCOUNT_STATUS.PENDING, MT5_ACCOUNT_STATUS.FAILED, MT5_ACCOUNT_STATUS.NEEDS_VERIFICATION].includes(
-            mf_status
+        mf_account_status &&
+        [ACCOUNT_BADGE_STATUS.PENDING, ACCOUNT_BADGE_STATUS.FAILED, ACCOUNT_BADGE_STATUS.NEEDS_VERIFICATION].includes(
+            mf_account_status
         );
-    return should_show_status_for_multipliers_account ? mf_status : null;
+    return should_show_status_for_multipliers_account ? mf_account_status : null;
 };
 
 export default useMFAccountStatus;
diff --git a/packages/shared/src/utils/constants/auth-status-codes.ts b/packages/shared/src/utils/constants/auth-status-codes.ts
index d5f31a06d307..29f456ae08a3 100644
--- a/packages/shared/src/utils/constants/auth-status-codes.ts
+++ b/packages/shared/src/utils/constants/auth-status-codes.ts
@@ -6,3 +6,9 @@ export const AUTH_STATUS_CODES = {
     EXPIRED: 'expired',
     SUSPECTED: 'suspected',
 } as const;
+
+export const ACCOUNT_BADGE_STATUS = {
+    FAILED: 'failed',
+    NEEDS_VERIFICATION: 'needs_verification',
+    PENDING: 'pending',
+} as const;
diff --git a/packages/stores/src/mockStore.ts b/packages/stores/src/mockStore.ts
index ba6909f56437..c37ad8509f42 100644
--- a/packages/stores/src/mockStore.ts
+++ b/packages/stores/src/mockStore.ts
@@ -385,7 +385,6 @@ const mock = (): TStores & { is_mock: boolean } => {
             toggleCashier: jest.fn(),
             setDarkMode: jest.fn(),
             setReportsTabIndex: jest.fn(),
-            setIsMT5VerificationFailedModal: jest.fn(),
             has_real_account_signup_ended: false,
             real_account_signup_target: '',
             real_account_signup: {
@@ -510,6 +509,7 @@ const mock = (): TStores & { is_mock: boolean } => {
             setSelectedAccount: jest.fn(),
             is_low_risk_cr_eu_real: false,
             is_real_wallets_upgrade_on: false,
+            is_verification_docs_list_modal_visible: false,
             toggleWalletsUpgrade: jest.fn(),
             show_eu_related_content: false,
             platform_real_balance: {
@@ -539,7 +539,7 @@ const mock = (): TStores & { is_mock: boolean } => {
                 active_modal: '',
                 data: {},
             },
-            openFailedVerificationModal: jest.fn(),
+            openVerificationDocsListModal: jest.fn(),
             setTogglePlatformType: jest.fn(),
             toggleAccountTransferModal: jest.fn(),
             selectAccountType: jest.fn(),
@@ -565,6 +565,7 @@ const mock = (): TStores & { is_mock: boolean } => {
             setIsFinancialRestrictedCountry: jest.fn(),
             is_setup_real_account_or_go_to_demo_modal_visible: false,
             setIsSetupRealAccountOrGoToDemoModalVisible: jest.fn(),
+            toggleVerificationModal: jest.fn(),
         },
         notifications: {
             addNotificationMessage: jest.fn(),
diff --git a/packages/stores/types.ts b/packages/stores/types.ts
index b592122d1a24..695de4bd9a93 100644
--- a/packages/stores/types.ts
+++ b/packages/stores/types.ts
@@ -752,7 +752,6 @@ type TUiStore = {
     setIsVerificationModalVisible: (value: boolean) => void;
     setIsFromSuccessDepositModal: (value: boolean) => void;
     setIsVerificationSubmitted: (value: boolean) => void;
-    setIsMT5VerificationFailedModal: (value: boolean) => void;
     setRealAccountSignupEnd: (status: boolean) => void;
     setPurchaseState: (index: number) => void;
     simple_duration_unit: string;
@@ -1084,10 +1083,12 @@ type TTradersHubStore = {
     setTogglePlatformType: (platform_type: string) => void;
     is_demo: boolean;
     is_real: boolean;
+    is_verification_docs_list_modal_visible: boolean;
     selectRegion: (region: string) => void;
     closeAccountTransferModal: () => void;
     toggleRegulatorsCompareModal: () => void;
-    openFailedVerificationModal: (selected_account_type: Record<string, unknown> | string) => void;
+    openVerificationDocsListModalal: () => void;
+    toggleVerificationModal: () => void;
     modal_data: TModalData;
     financial_restricted_countries: boolean;
     selected_account_type: string;