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Business Verification (KYB)

Overview

Business verification confirms that a company exists, operates legitimately, and is suitable for services. KYB collects corporate registration details, tax identifiers, directors and officers, and ownership structures, then screens both the entity and beneficial owners for sanctions, PEP, and adverse media. Risk scoring considers industry, geography, products, and expected activity. Higher risk cases receive enhanced due diligence, possibly including site visits or additional documentation.

Programs must keep auditable records, refresh profiles periodically, and monitor for changes such as ownership updates or regulatory actions. Orchestration streamlines evidence collection and reduces friction through pre-fills and guided capture. Strong KYB reduces onboarding time, prevents shell misuse, and builds confidence in payouts and transaction monitoring by grounding decisions in authoritative, current information.

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Business Verification

Verify businesses with reliable documents OCR, EIN checks, UBO data, sanctions screening, global registry checks, and more.

UBO Checks

Learn the beneficial ownership, control, and shareholder structures of any business before onboarding.

Business Database Checks

Strengthen your KYB process with real-time, reliable, and comprehensive database verification against global sources.

Related Terms

Beneficial Ownership (UBO)

Business Registry Search

Enhanced Due Diligence (EDD)

FAQ

How does KYB differ from KYC?

KYB focuses on legal entities and control structures, while KYC verifies natural persons. Both converge in beneficial ownership identification and screening of related parties.

What triggers enhanced due diligence?

Complex ownership, high risk industries, secrecy jurisdictions, negative news, or inconsistent filings. Policies should specify triggers and required evidence for consistency.

How often is KYB refreshed?

Based on risk, often annually for higher risk and less frequently for low risk, with event driven reviews on significant changes such as director or address updates.

Can utilities simplify KYB?

Shared KYC or KYB utilities reduce duplication by providing verified profiles. Institutions remain responsible for suitability and any additional risk based steps.