KYB, or know your business, is the due diligence process for legal-entity customers. It verifies the company, its registration and operating status, beneficial owners, directors or control persons, business activity, and risk profile. KYB helps institutions understand who controls an entity and whether the relationship creates AML or sanctions exposure.
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Glossary term
What is KYB?
KYB, or know your business, is the due diligence process for legal-entity customers. It verifies the company, its registration and operating status, beneficial owners, directors or control persons, business activity, and risk profile. KYB helps institutions understand who controls an entity and whether the relationship creates AML or sanctions exposure.