End-to-end Know Your Business (KYB) intelligence

KYB stands for "Know Your Business." It refers to the process of verifying the identity and legitimacy of a business entity before entering a financial or commercial relationship.

Know Your Business is a compliance process used to confirm the legal status, ownership structure and operational legitimacy of a company. It helps organizations assess risk and ensure they are working with trustworthy business partners.

The KYB process typically includes:

• Gathering company information such as name, registration number and jurisdiction
• Performing business verification checks
• Identifying directors and ultimate beneficial owners (UBOs)
• Screening for sanctions, adverse media and politically exposed persons (PEPs)
• Conducting risk assessments
• Ongoing monitoring for changes in business status or ownership

This process helps reduce fraud and meet regulatory requirements.

KYB is important for preventing financial crimes such as money laundering, fraud and terrorist financing. It ensures businesses are compliant with regulations and helps protect against reputational and financial risk.

KYB verification involves checking business registration data, ownership records and financial health against trusted sources. It may also include identity verification of directors and UBOs, as well as screening for compliance risks.

KYB checks are the steps taken to verify a business’s identity, ownership and risk profile. These checks may include document validation, database screening and ongoing monitoring to ensure the business remains compliant and legitimate.

KYB verification focuses on businesses, while KYC (Know Your Customer) focuses on individuals. KYB involves verifying company registration, ownership and operational status. KYC involves verifying personal identity and assessing individual risk. Both are essential for compliance and fraud prevention.

Business verification helps confirm that a company is legally registered, financially stable and not involved in illicit activities. It reduces the chance of onboarding fraudulent entities and ensures compliance with anti-money laundering (AML) regulations.

The KYB process includes:

• Initial data collection
• Business registration validation
• UBO and director identification
• Identity screening
• Risk scoring
• Continuous monitoring

These steps help organizations onboard legitimate businesses and maintain compliance.

Know Your Business (KYB) is a process used to verify the ownership of a company and the legitimacy of its business activities before entering into a business relationship. It supports Anti-Money Laundering (AML) compliance and prevents fraud by verifying partner, supplier and vendor identities before engaging in transactions.

Yes. GBG Detected offers a complete end-to-end solution with built-in links to leading CRM systems including a fully native Salesforce app. This allows compliance and risk teams to live in the GBG Detected Case Management system while sales and commercial teams receive real time updates on the progress of business customer onboarding.

Yes. GBG Detected searches 600m+ company records and business ownership registries for directors and Ultimate Beneficial Owners (UBOs). Where automated UBO information is unavailable, GBG Detected permits manual entry, informing your team that this has occurred. Customer due diligence is completed using international identity data verification, and document proofing in over 190 countries with access to 8,500 identity document library records.

Yes. With both the GBG Detected’s combined Global Risk Fraud and Compliance Network covering over 190 countries and including local language personalisation, it is truly an international KYB solution.