Navigating The Complexity of Ownership From The Lens of Sanction By Extension
Tuesday, 30th April. 13:00 - 14:00 London Time (GMT+1)
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The KYB serves as the primary data source for verifying businesses and conducting corporate due diligence in over 250 countries and states.
Navigating the Complexity of ownership from the lens of Sanction by Extension
Mitigating Business verification complexity with The KYB in MENA Region
Onboard businesses with our swift 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
API Integration
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.
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.
27 September, 2023
Money laundering isn’t a novel practice. Organized criminals have used such techniques for a long time to hide the origin of the illegally acquired funds. Moreover, the advent of different financial solutions like neo-banks, e-wallets, and cryptocurrency has made combating money laundering challenging.
The United Nations Office on Drugs and Crime (UNODC) estimates that criminals launder €715 billion to €1.87 trillion annually. This has urged regulators to introduce stringent Anti-Money Laundering (AML) regulations to mitigate financial crime risks such as money laundering.
AML includes the measures and guidelines established by governments and financial firms to prevent the illegal conversion of “dirty” funds into “clean” money to make them appear legitimate. Criminals use money laundering tactics to legitimize the proceeds of different illicit activities, such as terrorism, corruption, and drug trafficking.
Three stages of money laundering include:
Financial institutions are required to conduct anti-money laundering screening of entities they are doing business with in several circumstances, which are as under:
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