Employer Identification Number (EIN)

An Employer Identification Number is a U.S. federal tax identifier issued by the IRS to business entities, estates, and certain trusts. In KYB, EINs help confirm legal existence, tax responsibilities, and linkages across filings, payroll, and banking. Institutions collect EINs to run registry checks, validate entity details, and associate accounts to the correct company. EIN verification reduces misidentification, combats shell misuse, and streamlines reporting (e.g., FATCA/CRS equivalents via local frameworks). Because EINs are sensitive, programs must apply least-privilege access, encryption, and retention limits.Where names and EINs mismatch, legal name normalization and supporting documents (IRS CP 575, 147C letters) resolve discrepancies. Used with UBO data and sanctions screening, EINs support accurate KYB profiles, reduce false positives, and improve downstream risk assessments and monitoring.