The KYB

KYB is a due diligence process that is used by organizations to verify the identity and legitimacy of their business partners. The main objective of KYB is to ensure that companies are developing business relationships with legitimate and reputable corporate entities and are not involved in illegal activities, such as fraud, money laundering, or terrorism financing.

KYB contributes in important business decision-making by verifying the legitimacy of the prospect business partners. It is essential for businesses of all scales to perform KYB verifications to eradicate fraud risks and enable efficient business operations.

KYB verification provides the following solutions:

Business Information Collection
Business Verification
Risk Assessment
UBO Identification
Perpetual KYB
Centralized Reports

Why is KYB Verification important?

It is vital for businesses to conduct a KYB verification on their prospective business partners to avoid risks of fraud and business loss. KYB offers business verification in compliance with regulatory laws, PEP, and Adverse Media Lists, cultivating a secure operating environment for enterprises.