The KYB serves as the primary data source for verifying businesses and conducting corporate due diligence in over 250 countries and states.
Whitepapers
Navigating the Complexity of ownership from the lens of Sanction by Extension
Mitigating Business verification complexity with The KYB in MENA Region
Featured Resources
Corporate KYC: Helping Businesses Ensure Compliance & Mitigate Risk
Corporate Screening – Mitigating Fraud Risks Across Industries
A Comprehensive Guide to Business Verification in the Crypto Industry
Identify UBOs Across Diverse Industries with KYB Solutions
Why must Banks Implement Know Your Business (KYB) in Business Onboarding?
Role of Business Verification in International Payment Gateways
KYB for Global Operations: How to Create Cross-Border Business Verification?
Onboard businesses with our swift KYB verification.
Seamlessly bring merchants onboard with quick & secure KYB verification
Expand globally without facing non-compliance challenges
Identify high-risk corporate clients while uncovering UBOs
Mitigate the risk of onboarding a shell company.
Partner with trusted companies and beneficial owners
Fortify your supply chain and ensure enhanced security
Mitigating Business Verification Complexity with The KYB in MENA Region
Verification vs Validation | What’s More Important for Your Business?
Exploring the Role of Group Structure in UBO Ownership for KYB Compliance
Know Your Business (KYB): Ultimate Compliance and Security Guide
Due Diligence in State Owned Enterprise | Detect the Risk in Public Ownership
Beyond The Facade | How Business Document Verification Protects Your Company
Key Know Your Business Risk Factors You Should Always Consider
Transparency International Exposes £64 Billion in UK Property Held via Trusts
Why Authoritative Data is the Backbone of Effective Business Verification
Commercial Due Diligence | A Critical Step in Business Integrity and Growth
The Role of Holding Company in Shaping Compliance Strategies
Business Impersonation | The Hidden Risk and How to Protect Your Business
KYB for Credit Unions: Build a Compliant, Member-Centric Business Verification Process
Business Registration Number Lookup | Find and Verify Business Information
Why Subsidiary Company Due Diligence is Crucial for Compliance Success
CDD vs EDD: Know When to Go Beyond Basic Due Diligence
How to Find Out Who Owns a Company And Why It Is Necessary to Know the Owner
How NAICS Codes Streamline Compliance and Risk Management in Due Diligence
Why VAT Number Verification is Crucial in Business Transactions
Due Diligence Process | What It Is, Why It Matters, and How to Get It Right
What Is a Legal Entity? A Complete Guide for Business Legitimacy
SIC Code Lookup | A Comprehensive Guide for Compliance and Strategic Analysis
What is a Business Credit Score and the Role of Business Verification in it?
The Ultimate Compliance Risk Assessment: Key Steps to Protect a Business
How to Verify a Company in South Korea? An Ultimate Guide
Corporate Transparency Act Measure Scrapped — Trump Celebrates Decision
Is Your Company Secure? The Importance of Continuous Business Monitoring
Ensuring Compliance |How to Obtain Business Formation Documents
Corporate Transparency Act Enforcement Resumes Following Court Decision
Risk Appetite in Digital Business | What to Accept and What Not?
How to Find and Verify Articles of Incorporation | A Business Owner’s Guide
Corporate Transparency Act Back in Action as FinCEN Resumes Oversight
New Legal Brief Challenges Corporate Transparency Act’s Constitutionality
How to Verify a Company in Thailand? An Ultimate Guide
How to Verify a Company in Denmark? An Ultimate Guide
House Extends Deadline for BOI Reporting, Easing Compliance Burdens
Trump Considering Changes to Corporate Transparency Act as Debate Grows
M&A Due Diligence Using KYB Solutions | A Must Have for Smart Business Decisions
Corporate Transparency Act: Key Updates You Need to Know
KYB Trends in 2025: Innovations Reshaping Business Verification
Vendor Onboarding Done Right: But What’s the Cost of Skipping Compliance?
Business Entity Verification: The Simple Way to Ensure Compliance Fast
CTA Enforcement Stalled Despite Supreme Court Backing Treasury Department
Difference Between Person of Significant Control PSC vs. Ultimate Beneficial Owner UBO
Corporate Transparency Act: Beneficial Ownership Filing Suspended
The KYB Expands Its Reach with New Office in the UAE
Enterprise Risk Management (ERM) | Do It The KYB Way
Business Structures Revealed | Understand Sole Proprietorship vs LLC
How UCC Filings Shape Small Business Loans and Unlock Financing Options
FCPA Compliance Guide – Discover Valuable Insights to Protect Your Business
Filing Deadline for CTA Returns: Small Businesses Must Comply
Vendor Fraud: Protecting Your Company from Evolving Digital Threats
Offshore Company Essentials: Your Guide to Global Expansion
Big BOI Reporting Update: Small Businesses Get a Break from the Deadline!
UBO Identification and Business Risk Assessment: A Unified Approach
Vendor Due Diligence in Risk Management – A Guide to Strategic Insights
Corporate Fraud In Startups: Why They Are Easy Targets
U.S. Anti-Money Laundering Rule With Penalty of Thousands of Dollars Might Return
Shareholding Structure Verification – A Crucial Step in KYB Protocols
KYB Verification: The Foundation of a Trusted Business Reputation
Texas Court Puts a Halt to Corporate Transparency Act: Government Challenges the Decision
Ownership Structure: Why It’s Crucial to Know Who’s Really in Control
Holiday Fraud Prevention: How Business Verification Protects You from Christmas Scams
Company Reputation: What It is and What Should You Do to Strengthen It?
The Silent Threat: Preventing Business Fraud with Key Red Flags
How to Verify a Company in Austria? An Ultimate Guide
How To Verify a Company in Malaysia? An Ultimate Guide
6 Reasons Why Skipping a Company Check Could Cost You Everything
UK Commits to Public Beneficial Ownership Registers By Overcoming Territorial Barriers
Common Mistakes in UBO Screening and How To Avoid Them?
Corporate Transparency Act: Congress Members Request for Delay
Avoiding Pitfalls: How to Choose the Best KYB Platform for Your Business
Urgency Builds as New Guidance Releases on UK’s ‘Failure to Prevent Fraud’ Offense
Simpler Business Onboarding: Introducing Our New Pay-As-You-Go Solution
How to Verify a Company in India? An Ultimate Guide
How to Verify a Company in Turkey? An Ultimate Guide
Simplify Small Business Verification: Automate Onboarding and Reduce the Risk
How to Verify a Company in Spain? An Ultimate Guide
How To Verify a Company in Indonesia? An Ultimate Guide
Corporate Transparency Act: Navigating Exemptions, Office Requirements, and UBOs
How to Check if a Company is Legally Registered?
FinCEN Tightens Real Estate Rules: New Reporting Mandates for Title Companies
How To Verify a Company in Mexico? An Ultimate Guide
How to Verify a Company in Brazil? An Ultimate Guide
What is Vendor Risk Management? A Comprehensive Guide
How to Verify a Company in China? An Ultimate Guide
Significance of Corporate Investigations in Protecting Business Reputation
Vendor Compliance: A Necessity for Businesses in 2024?
FinCEN Issues New Guide on Corporate Transparency Act Compliance
How to Verify a Company in Hungary? An Ultimate Guide
Difference Between Shell, Shelf, and Front Company
Corporate Sustainability Due Diligence Directive: A New Check?
Significance of EIN Verification to Ensure Business Legitimacy
Why is KYB FinTech Essential for Preventing Fraud?
Top 3 Mistakes in KYB Compliance and How to Avoid Them
5 Reasons Why Your Business Needs Vendor Due Diligence
What is A Shelf Company? What Every Business Should Know
Business Activity Codes: An Instant Way to Classify Companies?
Business Registration Lookup: Verify Legitimacy of Organizations
How Does Document Retrieval Service Help in Business Verification?
How to Verify a Company in Italy? An Ultimate Guide
How to Verify a Company in the Netherlands? An Ultimate Guide
How to Do Business Background Check in 2024?
Know Your Vendor: Helping Businesses Reevaluate Partnerships
Why Sanctions Screening Matters for Businesses in 2024?
What is Financial Crime Compliance? A Complete 2024 Guide
What is A Front Company? A Comprehensive Guide
BOI Reporting: Mitigating Non-Compliance Challenges in Corporate World
The Essential Sanctions Compliance Guide for Businesses
Behind Closed Doors: Can Corporate Fraud Undermine Your Business?
Top 5 Signs Indicating Trade-Based Money Laundering
What is Corporate Compliance? A Comprehensive 2024 Guide
Industry Expert Answer How to Check If A Company Is Legit?
3 AML Experts Answer How to Verify Ultimate Beneficial Owner (UBO) Amidst Its Challenges
5 Major RegTech Trends & How Companies Can Leverage Them for Benefits
Dirty Money in Paradise? Dubai Leaks Triggers Ownership Concerns in Real Estate Sector
Current State of Business Verification in India
How to Verify a Company in France? An Ultimate Guide?
How to Verify a Company in Japan? An Ultimate Guide
How to Verify a Business in Germany: An Ultimate Guide
New AML Screening Feature in The KYB Streamlines Corporate Compliance
Current State of Business Verification in Australia
Current State of Business Verification in Canada
How to Verify a Company in Bahrain? An Ultimate Guide
Who’s Pulling the Strings? Unveiling Persons with Significant Control
Adverse Media Screening: A Way Forward to Uncover Hidden Business Risks
Is Your Business Safe? Unmask the Hidden Risk Through KYB Checks
What is E-KYB? A Comprehensive 2024 Guide
The KYB Appoints Mark Bain as the New Chief Executive Officer
Business KYC Guide: Managing Risk & Verifying Companies
How to Ensure KYB Verification in South Africa? A Comprehensive Guide
Business Address Verification: Securing Companies Onboarding Process
How to Collect & Verify Beneficial Owner’s Information for Compliance
What is Corporate Due Diligence? What Every Business Needs to Know
How to Save Your Company from Business Identity Theft in 2024?
In-Depth Guide on Merchant Onboarding: How it Works and Best Practices
Business Verification Trends & Challenges in 2024
Shell Companies: A Significant Threat for Businesses Worldwide
Mapping Risks And Challenges of KYB in the MENA Region
How to Ensure Fraud Prevention with Effective Business Verification?
What is Third Party Due Diligence? A Comprehensive Guide to Combat Risk
The INFORM Consumers Act: Ensuring Legitimacy of the Ecommerce Sector
The KYB Expands its Reach to 250+ Countries – Offering B2B Verification Globally
What is Enhanced Due Diligence? A Comprehensive Guide
Business Verification: Navigating the Path to Ensure Company Legitimacy
Canada’s Financial Authority Imposes $7.4m Fine on Royal Bank of Canada
A Guide to Business Verification for Owners in 2024
The KYB Introduces Enhanced Fraud Prevention Solution to Help Businesses Combat Shell Company Partnerships
US Announces Enforcement Actions to Regulate Cryptocurrency Businesses
A Comprehensive Guide to AML Risk Assessment and its Importance for Businesses in 2023
KYB Compliance – Detecting and Preventing Fraud in Cross-Border Payments
Turkey Purposes New Rigid Regulations to Register Crypto Businesses
Fraud Awareness Week – What it is and Why is it Important?
Top 4 Ways to Reduce Chargeback Claims
UK Discloses Final Proposal to Regulate Crypto Trading Businesses
How to Verify the Legitimacy of a Business Using KYB Compliance Solutions
Role of KYB Verification in Gaming and Gambling – A Comprehensive Guide
Turkey Plans to Introduce Strict Regulations to Secure Crypto Businesses
5 Reasons Your Business is Spending Too Much Money on KYB Checks
FATF Endorses Latest AML Regulations in the Final Plenary Meeting
A Comprehensive Guide to the Accredited Investor Verification Process
The KYB Successfully Attains CCPA Certification | Representing Exemplary Data Privacy Protocols
CySEC Warns Non-AML Compliant Cyprus Investment Firms
The KYB | Building Trust Among Businesses Through KYB Verification
FinCEN Intends to Utilize Digital Streaming Platforms to Spread Beneficial Ownership Reporting Measures
A Step-by-Step Guide to Effortless and Legitimate Corporate Onboarding
European Union Introduces MiCA Laws to Regulate Opaque Crypto Firms
UK Law Society Ensures Solicitors Complying With AML Measures
A Comprehensive Guide to KYB Regulations in the USA
Expected KYB Verification Trends in 2024: A Detailed Insight
Kenya Takes Over Leadership of the Eastern and Southern African Anti-Money Laundering Group
US Charges Chinese Companies to Leverage Crypto For Illicit Activities
Qatar Commercial Bank Harnessing Digital Platforms To Foster Innovations in Financial Sector
Sanctions and PEP Screening: Ensuring Compliance with KYB Regulations
Streamline Business Operations and KYB Onboarding Processes
EBA Reveals Final Date to Comply with Remote Customer Onboarding Regulations
Deutsche Bank Pledges Taking Convenient Steps to Rebuild Trust on Postbank’s Services
KYB and Fraud Prevention: Safeguarding Your Business
CFATF Successfully Concludes 4th Round Mutual Evaluation of Guyana
H1’23 Recap: Know Your Business and Anti-Money Laundering Fines Worldwide
A Comprehensive Guide to UK AML and KYB Regulations and Complexities
CFTC Crackdown on DeFi Platforms for Noncompliance with Trading Regulations
Adequate KYB Verification Service for Seamless Business Onboarding
Spotify Becomes the Hub of Money Laundering for Scammers in Sweden
The Ultimate Guide to Business Verification (KYB)
Citigroup Agrees to Pay $2.9m Fine on Shortcomings in Record-Keeping Regulations
Unleash the Potential of Your Business with KYB Checks
The Comprehensive Guide to Ultimate Beneficial Owner (UBO)
Building Trust in Business Relationships: Leveraging Know Your Business Services
Digital KYB Checks: Simplifying Verification for SMEs in 2023
Financial Firms Under Investigation for Money Laundering in Singapore
From Compliance to Confidence: The Role of KYB in Compliance
Driving Growth and Security in 2023 with KYB Verification Services
KYB and KYC: Exploring the Differences and Similarities
Leveraging KYB for Enhanced Due Diligence in Business Onboarding
KYB Best Practices: Steps to Ensure Effective Business Verification
10 Reasons Know Your Business Services are Essential for Modern Enterprises
AI-Powered Know Your Business: Unveiling the Hidden Potential of KYB Due Diligence
Stay Ahead of the Game: Harnessing Know Your Business Verification Services for Competitive Advantage
Unlocking the Power of Know Your Business – Enhancing Trust and Mitigating Risk
A trio is accused of stealing $1.5 million from a woman who was seeking Australian citizenship
The importance of KYB solutions in Streamlined business operations
Featured Blogs
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Featured Case Studies
Featured White Papers
API Integration
The KYB Developers Hub
We are excited to empower developers with all the information needed to utilize the full potential of our API. This comprehensive documentation serves as a guide to seamlessly integrate our API into applications, unlocking a world of possibilities.
Featured Knowledgebases
What is KYB?
KYB stands for Know Your Business, which is a due diligence process that companies use to verify the identity and legitimacy of their business partners or customers.
Blogs
16 April, 2025
Both customer due diligence (CDD) and enhanced due diligence (EDD) are regulatory requirements that are prerequisites for ensuring AML compliance and help with risk management and mitigation.
These concepts may sound similar, but there is quite a difference between the two, especially if we consider what their individual protocols are, why both practices are required, and when to go for EDD.
Whenever a business develops a relationship with another entity (customer or business), there is a certain level of scrutiny that is mandatory to avoid getting into the risk of dealing with entities prone to violations of AML regulations.
Customer due diligence is one of the integral components of meeting the Know Your Business (KYB) requirements. It is a part of an organization’s risk management strategy required by laws and regulations like the Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA). CDD is typically conducted when establishing a new business relationship, carrying out occasional transactions, or generally when transactions are involved or when there is a suspicion of money laundering. While conducting CDD, financial institutions collect and then verify crucial information about a client.
For example, during business onboarding, implementing CDD as a part of KYB, the following documents of the customer will be collected:
After collecting these documents, businesses assess the customer’s risk level. This involves analyzing their financial and business activities.
One of the important steps to note here is that in CDD, the customer data is not only under scrutiny but also extends to checking data against public and government databases, including sanctions lists, company listings, adverse media, and PEP lists.
After developing the customer’s risk profile, the risk score that is assigned determines the level of due diligence required. It involves an intense level of scrutiny called enhanced due diligence (EDD). The extent to which due diligence is conducted depends on the customer’s risk level. In usual scenarios, standard CDD is sufficient for basic or low-risk profiles. However, that may not always be the case, as sometimes a UBO, for example, may be a politically exposed person (PEP) or may be an individual from a sanctioned jurisdiction.
Implementing this risk-based strategy enables businesses to safeguard customer relationships and assets and ensure EDD compliance.
CDD and EDD are both integral components of risk mitigation and AML compliance programs in financial institutions. While both regulatory practices are implemented to avoid the risks associated with the illegitimate customers, the latter differs slightly based on depth, scope, and intent.
Contrary to the CDD, which typically involves collecting a customer’s basic data to create a risk profile, EDD digs deeper into the customer’s profile. In businesses where a customer is an ultimate beneficial owner (UBO), enhanced due diligence evaluates the risk associated with them. Ensuring a comprehensive investigation is an essential regulatory requirement, as it peels through the complex ownership structures and helps financial institutions know when a customer’s risk level is higher than usual.
With existing customers who have the potential to become high-risk entities in the future, ongoing monitoring through EDD is also beneficial for avoiding future risk and penalties.
In terms of scope, EDD goes beyond basic checks to manage high-risk business persons that may be involved in various types of financial crimes such as money laundering, terrorist financing, or regulatory non-compliance. UBO identification is a non-negotiable thing in enhanced due diligence. The decision to apply EDD or CDD in the context of UBOs lies in their risk level. For example, if a customer is a high-risk politically exposed person (PEP), owns a substantial amount of wealth, or has an intricate financial profile, the business should use EDD to get a full picture of the customer’s historical records and financial activities.
Unlike basic due diligence, the intent of EDD is to identify and mitigate high levels of risk by scrutinizing factors such as complex ownership structures, involvement of UBOs, or links to high-risk jurisdictions. In addition to that, since CDD only aims to collect and verify basic customer data, in EDD, detailed documentation of a customer is scrutinized, ultimately helping in the meticulous verification of the company’s integrity.
For example, it not only supports customer onboarding but also enhances supplier chain due diligence for fintechs, by providing comprehensive director checks and screening names against sanctions lists and adverse media, helping them understand the risk associated with their partners.
The KYB facilitates both CDD and EDD processes by offering quick, document-supported evaluations from official registers and non-public databases. For CDD, it allows for business or entity verification, business register checks, license verification, and document acquisition under one roof. Our platform ensures that companies are able to instantly check the validity of an entity before onboarding.
Where EDD is needed, we provide sophisticated features such as financial performance analysis (balance sheets, income statements, and cash flows), Ultimate Beneficial Owners (UBOs) identification, and visualization of intricate ownership structures.
Unlike traditional data sources, The KYB provides a comprehensive due diligence report much faster. This comprises extensive company information, underlying risk indicators, and observations that are usually overlooked in regular verification exercises.
Our platform aims to assist companies and financial institutions in reducing onboarding delays, ensuring AML/CFT compliance, and meeting regulatory requirements across various jurisdictions.
Regardless of whether performing third-party screening, investor due diligence, or adding a new vendor, The KYB allows companies to use the right amount of scrutiny, fueled by validated data sources directly and in real time from the official registry. What this means is that our enhanced due diligence not only digs deep into a business entity’s profile but also checks for direct and indirect sanctions, identifying whether the entity is explicitly listed or associated with a sanctioned individual or organization through ownership, control, or business ties.
Get in touch for a comprehensive, automated CDD and EDD solution tailored to your specific compliance needs. Our services simplify Know Your Business (KYB) checks, helping you stay compliant, reduce onboarding friction, and protect your business from potential risks.
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