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.
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.
Finance & Credit
List of Directors
List of individuals with ownership:
List of other companies with ownership
PEP & Sanction Checks
Performed for all individuals with ownership
Advanced PEP & Sanction screening will screen the following:
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.
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