The vital role of Know Your Customer (KYC) and Know Your Business (KYB) strategies in preventing fraud, ensuring robust security, and maintaining regulatory compliance.
#know your business (kyb)
Don’t risk your business.
The Know Your Company (KYB) process considerably shortens your customer entry process in your collaborations.
The person who benefits or is positively affected by a company is called the Ultimate Beneficial Owner (UBO) and they have to be traced for crime prevention and risk management.
Companies need to know whether their income is being misused by corrupt business owners, shareholders, or money launderers by conducting KYB
The Ultimate Beneficial Owner, shortly known as UBO, means the legal entity that is the company's beneficiary.