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
Featured News
Featured Press Releases
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
11 April, 2025
One of the fundamental questions that compliance officers face when onboarding business clients or processing transactions involving business entities is: “Who owns this business?” This question is critical to understanding the legitimacy and transparency of a business in order to ensure AML compliance.
Ownership transparency is crucial and helps ensure that businesses are not fronts for illicit activities like money laundering and terrorist financing. These are the vital considerations in the regulatory landscape.
Business ownership verification forms the backbone of AML compliance and helps financial institutions comply with global regulatory requirements.
Business ownership defines the legal entities or individuals who own or control a business. It includes all the legal authority and accountability for a company’s operations, strategic directions, and financial gains.
Business ownership can be a single individual (like a sole proprietor), a group of entities (like partnerships), or shareholders in any corporation that owns shares of the company.
Knowing who owns a company is crucial for understanding the entity behind it. It helps businesses assess risk, ensure compliance with AML laws, and onboard trusted partners and investors. Some of the primary reasons for staying aware of business ownership include:
Moreover, laws and regulations often require businesses to know who owns a company they are working with, as clear ownership information enhances transparency and accountability.
AML compliance is designed to prevent money laundering, terrorism financing, and other financial crimes.
Ensuring transparent and traceable business ownership is essential for preventing businesses from being used as vehicles for illegal activities. Failure to do so can result in severe financial, legal, and reputational risks.
By confirming the legitimacy of ownership, businesses can mitigate risks and ensure that they are not inadvertently aiding money laundering operations.
Sanctions compliance involves ensuring that the business and its owners are not listed on international sanctions lists, such as those maintained by the OFAC, EU, or UN. This prevents businesses from unknowingly facilitating transactions with sanctioned entities or individuals.
For businesses, particularly those in sectors like finance, supply chain, or manufacturing, verifying ownership within their supply chain is a key risk mitigation strategy. This ensures that partners or vendors do not pose a financial or reputational risk.
By identifying the beneficial owners, businesses can assess the risks associated with transactions, partnerships, or investments. This transparency minimizes the risk of inadvertently associating with businesses that could harm the company’s reputation or lead to regulatory breaches.
Business clients’ due diligence within the financial sector and businesses involved in international trade is also essential to ensure compliance with export control laws and trade tariffs.
Knowing the answer to who owns a business is essential to understanding the potential risks associated with any transaction or partnership that involves a business entity.
Businesses operating in high-risk industries and regions or those with clients and trading partners in high-risk industries and regions must be particularly diligent in verifying ownership details to avoid exposure to regulatory violations or deliberately facilitating financial crimes.
The most authentic and reliable way to identify business owners is through official business registries maintained by the government. These registries contain accurate information about the registered name, incorporation date, and other official details about shareholders and directors, along with legal documents .
Using unofficial or unreliable sources, such as websites or third-party sources, databases may result in reliance on inaccurate or outdated ownership information. These sources are prone to errors and might lack authentic information offered by official business registries.
For each entity, The KYB through its API provides data on business owners and other legal documents right from the official business registries in real-time without any delay.
A manual business verification procedure can present several specific challenges that affect efficiency, compliance, and accuracy. Some of the key challenges include time-consuming methods, such as data collection from multiple sources and cross-referencing the information.
Moreover, outdated information can lead to missed updates in regulatory requirements.
Sectors like FinTech and financial institutions process high-volume payments in global markets. Such FinTechs that have to ensure speedy transactions can’t rely on manual business ownership. It increases the risk of human errors and delays. This is more challenging for FinTechs processing B2B Payments..
With different requirements and regulations, each state has a separate business registry system. Therefore, searching for verified business ownership information across multiple countries using online sources can be complicated and time-consuming, making it difficult to ensure accuracy.
Manual verification is a major obstacle to cost-effectively scaling a business. The reliance on human resources makes the process slow and difficult to manage, leading to higher costs, inefficiency, and consequently slow business growth.
In conclusion, relying on manual verification in the business verification procedure can be unreliable and inefficient. This makes it a less ideal solution for today’s fast-paced and regulatory-driven world.
Let’s explore why The KYB solution serves as the best verification tool in the business world.
Know Your Business tools automatically fetch real-time data about businesses and their owners from official business registries, ensuring that the data is accurate and up-to-date. This automation eliminates the need for manual checks, providing immediate access to essential ownership details.
The KYB sources data directly from government registries, reducing the risk of fraud or errors. This ensures that the ownership details are legitimate and trustworthy, as they come from an official, verified source.
The KYB provides comprehensive AML and Sanctions checks, enabling businesses to not only comply with Know Your Business regulations but also check the risk associated with businesses and their directors. By evaluating all potential risks, whether related to ownership, sanctions, or fraud, KYB solutions minimize exposure to regulatory non-compliance and help mitigate risks proactively.
For businesses in supply chain finance, trade finance, or accounts receivable, KYB solutions provide comprehensive data to verify business clients effectively. These sectors often focus exclusively on business clients, making KYB a perfect all-in-one solution for verifying ownership and ensuring compliance with financial regulations.
The solution provides all the necessary features for business verification and related entities in real-time, eliminating the need for additional compliance tools. KYB is an ideal fit for the finance and supply chain industries, which exclusively deal with businesses and need to do Know Your Business checks not only for AML Compliance but also for Risk Mitigation.
Verifying the ownership of a business is crucial for clients’ and partners’ due diligence in order to comply with AML laws. Moreover, it ensures compliance with the sanctions regimes and prevents regulatory penalties that may be faced due to a lack of due diligence regarding partners in high-risk jurisdictions.
A proper understanding of who owns a business helps prevent risky or illegal dealings. Additionally, businesses in the FinTech and supply chain sectors can leverage The KYB solution to verify business ownership.
It empowers businesses by ensuring transparency, streamlining compliance, and significantly reducing the risk associated with money laundering and financial fraud.
To see how The KYB automates business due diligence for you. Book a demo today
Entities can search the state’s official business registry to view a company’s registered directors and shareholders. Alternatively, use third-party databases for quick access to ownership and structural details.
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