What is KYB procedure?
Know your business is a partner verification procedure aimed at establishing and confirming the legitimacy of the partner company, and is an important part of modern business practices and regulatory standards aimed at managing transaction risk.
As part of KYB, we collect information about a company to verify the validity of its existence, to assess its reputation and the risks of the business relationship. This information includes the company's legal status, owners and other business-related information. KYB helps prevent fraud and establish long-term trust between companies.
As part of KYB, we collect information about a company to verify the validity of its existence, to assess its reputation and the risks of the business relationship. This information includes the company's legal status, owners and other business-related information. KYB helps prevent fraud and establish long-term trust between companies.
Updated on: 12/10/2023
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