KYB/AML

Learn how AML case management works and which AML processes or key components go into this centralized system, helping analysts monitor transactions, log extra cases, and analyze identified red flags, sometimes leading to complex cases, especially when limited AML automation is used. Find out why.

Learn how to retrieve business formation documents, what types of documents you need for different business structures, and where to easily find them online.

Explore the latest review of best KYB (Know Your Business) software providers and recommendations on where each of the service excels the best.

Look through the main government databases and other online methods leading you to accurate sources to break down a company’s ownership structure and find out who really owns it.

Explore the latest coverage of best AML software providers and their PEPs, sanctions and adverse media capabilities.

Verifying the legal status of a company, identifying its beneficial owners, and monitoring risks to ensure ongoing compliance are all important stages of Know Your Business verification. But this process remains a mystery to some organizations, often resulting in many challenges.

Especially in business, signing a contract without doing detailed research can result in becoming a money laundering channel. That’s why in today’s complex digital environment, it’s essential to take your time to research every single company that you’re interested in doing business with. 

Find out the main factors that make or break an EIN verification process while we provide concrete database examples and spill our industry insights on other mandatory business verification steps in KYB compliance.

We discuss the main differences between a sole proprietorship and an LLC and explain how they need to be onboarded from the compliance side of things for financial institutions that deal with such structures during KYB verification.

Follow this concise step-by-step explanation guide on adopting a practical AML compliance program for credit unions and what compliance-related challenges these institutions face when conducting internal risk assessments.

Money laundering is complex, especially when criminals manipulate tax authorities and law enforcement by turning dirty cash into legitimate income and mixing illicit funds with legitimate wealth. We break down the main laundering techniques and how they fit into the three stages of money laundering.

Managing risks and assessing multiple data points in your already complex KYB process can be a hassle. We provide a list of risk factors you should incorporate into your Business Verification flow for a more simplified approach to corporate entity onboarding.