Business Verification

Business verification is a process designed to authenticate and assess the risk linked to another company. This includes verifying the credibility and legitimacy of any business the company engages with, including stakeholders ranging from suppliers and customers to consultants.

Business verification’s main goal is to help companies identify and understand their business associates, allowing them to evaluate whether these entities pose a risk of engaging in money laundering or other fraudulent activities.

The terms “business verification” and “Know Your Business” are related and often used interchangeably to describe the same process of confirming the identity and authenticity of business entities.

Frequently asked questions

1

What is Business Verification Compliance?

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2

Why Do Companies Use Business Verification?

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How Does Business Verification Work?

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4

What Steps in Business Verification Should be Integrated by Companies?

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