KYB

The mandatory verification process companies use to confirm the legitimacy, ownership, and operational standing of another business before engaging in financial, contractual, or high-risk service relationships. KYB extends the principles of KYC to business entities, ensuring organizations identify corporate structures, beneficial owners, and potential risks such as fraud or money laundering. Modern platforms automate KYB checks—pulling registration records, sanctions screenings, and operational data—to accelerate onboarding while maintaining compliance obligations.