KYB (Know Your Business)

KYB is the due diligence process for verifying corporate entities in transactions, including ownership structure, business activities, and compliance status.

KYB DocumentationRequired
Trade licenseValid business registration
Memorandum of associationCompany formation documents
UBO disclosureUltimate beneficial owners identified
Board resolutionAuthority to transact
Financial statements2 to 3 years audited financials
Good standing certificateCurrent compliance confirmation
Shareholders registerOwnership structure
Verification ProcessSteps
Entity searchConfirm legal existence in company registry
Ownership verificationTrace UBOs to natural persons
Sanctions screeningCheck against watch lists
Sanctions screeningConfirm legitimate operations
Financial healthAssess ability to complete transaction
Timeline5 to 10 business days for standard verification


Related Terms

Corporate Due DiligenceUBOAnti-Money Laundering (AML) ComplianceEntity VerificationKYC

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