The Complete Company Verification Checklist

How do I verify a company?

It’s far easier said than done. Depending on how much verification you require and where the business is located, its size, industry, financial status, company verification is an arduous task.

If you’re a business that needs to adhere to KYC and KYB compliance, there are various steps you need to go through and pieces of information that you’ll need to verify your customers.

We've compiled a list of all the data you'll need to verify to meet full KYB (Know Your Business) compliance checks. Check your CDD (Customer Due Diligence)/KYC (Know Your Customer) software can deliver all this information, and jump to the bottom of the page to find out how you can unlock all of this via one single API.

The complete company verification checklist to pass KYB compliance checks

Scroll or click the shortcuts below to jump to the right section to make sure you’re gathering all the necessary information for your KYB checks.

Company credentials: Core business data including business name, incorporation date and registered address
Finance & credit: Detailed finance and credit data such as credit scores, credit limits and turnover

Directors: Information about all registered directors of the company

Ownership (UBO): Information on anyone with ownership in the company, specifically any individual or company with > 25% ownership

ID Verification: ID verification on thousands of different document types to confirm the ID of individuals linked to the company

PEP & Sanction Checks: PEP and Sanction checks for all the individuals who are ultimate beneficial owners

Insights: General checks and insights to assess ongoing risk and compliance

Company Credentials

Name
Address
Country
Registration /reference number
Incorporation date
Registered form
Status
Filed accounts date
VAT Number
Industry codes
Industry descriptions
Previous names
Number of Employees
Most recent filing
Ultimate controlling company
Turnover

Finance & Credit

Credit rating
Credit limit
Current Assets
Total assets
Capital
Long term debt
Turnover
Gross Profit
EBITDA

List of Directors

Title
Name
Type of position
Level of responsibility
Appointment date
Resignation date
Shareholder
DOB
Address
Country
Is Active

Ownership

List of individuals with ownership:

First name
Last name
Job Title
Date of birth
Home address
Country
Address
City
ZIP / Postcode
This person owns 25% or more of the company
This person is a member of the governing board of the company
This person is an executive or senior manager with significant management responsibility

List of other companies with ownership

Registered company name
Company Reference number
Registered address
Country
Address
City
This company owns 25% or more of the company

PEP & Sanction Checks

Performed for all individuals with ownership

Politically Exposed Persons (PEP) screening result
Sanctions screening result

Advanced PEP & Sanction screening will screen the following:

World compliance PEP list
Current & previous sanctions
Global watch list
AML high-risk countries screening
Insolvencies
Financial regulator check
Law enforcement screening
Disqualified director check
Adverse media
Negative news screening
Bankruptcies check

ID Verification

Provided name
Name on document
Job role
ID verification status

Insights

Company Age: More than 6 months old
Company Last Accounts: Has recently filed accounts
Company Legal Form: Registered as a valid legal form
Company Status: Status is active
Company Credit Rating: Credit rating is good

Need to get all this company information fast? There's an API for that.

Finding companies around the world is the hardest part of KYB. Detected’s single search algorithm uses very little data to find the best match across our network of data providers. Using machine learning, the Detected platform learns the best data source using a confidence score and feedback loop.

From there, onboarding customers is a seamless experience powered by OCR technology and biometric face matching. Once you have your customers' business profile and UBOs identified, unique UBO portal links are connected to your customer profiles in your CRM via API, enabling you to be compliant with anti-money laundering regulations.

Once your customers have completed our Identity Verification and UBO flows, Detected automatically runs PEP and Sanctions checks on your behalf.

Compliance doesn’t end at onboarding. To monitor risk within your customer base, Detected flags changes in risk status so you can know instantly if a business you’re trading with becomes high risk, is in financial trouble or appears on a PEP or Sanctions list.

Detected is your best chance at finding a company anywhere on earth and then completing thorough ID verification, UBO and PEP & Sanction checks on involved individuals - all in a matter of seconds. Just plug the Detected API into your current workflow and you’re ready to go.