KYB/AML

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.

Go through the main problems that compliance teams often deal with when using keywords in adverse media and find some useful tips on how to conduct a more effective adverse media screening process that scales.

Learn what challenges are expected when onboarding merchants, how to balance out the security aspect with a smooth merchant onboarding process, and what kind of information you should collect and verify to comply with KYC/KYB and AML requirements.

Find out what processes you need to perform an AML risk assessment and the key risk factors you should consider when assessing your company and its clients to stay AML-compliant.