KNOW YOUR BUSINESS – KYB

Global corporate verification has never been simpler

Global business verification via international databases
Instant insights on UBOs and company profiles
Real-time business verification and universal risk protection
Simple onboarding, easy API integration, and effortless data access

Global Coverage & Instant Business Verification

Banking

Verify 300M companies across 225+ databases

Instant results in 3s with 99% accuracy

e-Commerce

Blockchain

Meet global AML/CFT compliance

Business
Statements

Crowd funding

THE KYB VERIFICATION JOURNEY RIGID CHECKS FOR MAXIMUM SECURITY

1. Business Registration Verification

Check the registration number, date of incorporation, registered address, and other pertinent details.

2. Ownership Structure Analysis

Identify UBOs, examine shareholding patterns and understand the hierarchy of the business.

3. Business Documentation Collection

Obtain and review essential business documents like commercial registration certificates, business licenses, tax registration certificates etc.

4. Physical Verification (if necessary)

Potential site visits to the business's registered address to ensure it's not a shell company.

5. Financial Health Check

Review financial statements to understand risks.

6. Background Check

Identify key personnels and any associated red flags for involvement in financial crime.

7. Risk Assessment

Assess the risks associated with businesses based on the information collected. Categorise based on low, medium or high.

8. Ongoing Monitoring

Regularly update business information and monitor for change to ensure up-to-date business risk statuses.

9. Advanced Reporting

Report any suspicious activities or transactions to the relevant authorities as required by local regulations.

ACTIVE VS PASSIVE BUSINESS VERIFICATION SERVICES

With our e-IDV solution, you can perform both active and passive business verifications

Standard KYB

Ideal for the basic business verifications
Reports include:
- Registration Details
- Company Officers
- Company Filings
- Industry Codes
Businesses are verified with our regularly updated databases that hold corporate data from official registries for precise business verifications

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Enhanced KYB

Ideal for extensive business verification
Comprehensive business reports are generated consisting of:
– Registration Details Company Officers
– Beneficial owners data
– Company Filings
– Financial performance of the company
Businesses are verified against corporate data retrieved from official business registries in real time, comprehensive dumps and third party data sources
100% accurate and authentic data
Coverage of global and complex jurisdictions, including the MENA region

FULLY AUTOMATED KYB ONBOARDING WITH SHUFTI PRO

Flawless Onboarding

Verify and onboard legitimate customers seamlessly

Enhanced Due Diligence

Go beyond basic verification for comprehensive compliance checks & risk assessments

Zero Integration

Integration without complex development, saving time and resources

Streamlined Verification

Achieve 99% accuracy with 10,000+ ID types, 150 languages, and 240+ countries

KYB Verification without Borders or Limitations

International coverage through 225+ global databases that house information on 300M+ companies
Global coverage with verified commercial data
Real time business verification and multi-layer risk cover for organisations worldwide
Simple onboarding with easy API integration and developer options

Successful Risk Deterrence with Shufti Pro's KYB Checks

Stay one step ahead with the ultimate fraud prevention cover. A comprehensive approach to global risk mitigation, your business can prevent potential losses and non-compliance penalties

ROBUST CORPORATE VERIFICATION ACROSS A MULTITUDE OF GLOBAL INDUSTRIES

Banking

Utilize our rigid KYB check to verify the legitimacy of businesses and prevent financial crime.

Crypto

Validate businesses participating in token sales to ensure compliance and prevent fraud.

E-Commerce

Secure merchant onboarding to enable powerful consumer safeguarding measures.

Fintech

Verify the authenticity of businesses seeking loans with P2P lending to minimise risks.

Gaming & Gambling

Remediate the risks associated with high-stake players and games by verifying the legitimacy of source of funds.

Government & Public Sectors

Verify vendors and contractors when assessing organisations bidding for contracts to ensure ethics and compliance.

Insurance

Implement KYB checks when underwriting policies for businesses to enhance risk assessment.

Real-Estate

Employ KYB when dealing with corporate property purchases to verify source of funds and maintain compliance.

KYB Verification has never been this fast or accurate for onboarding businesses and staying compliant

Ultimate fraud cover

Prevent losses with global risk cover against fraudsters, imposters, and money launderers.

Effortless regulatory compliance

Attain a globally compliant status with single API integration and avoid non-compliance penalties.

Updated company databases

Automated access to data from global commercial registers.

KYB Integration: Seamless, Secure, & Swift

Take the next step in digital identity verification. With our KYB integration, you're not only embracing technology but a promise of excellence, efficiency, and exceptional security.

Our KYB integration promises:

Real-time Sync
Robust Security Protocols
Dedicated Support
Flexible Integration Options
Cross-platform Support

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