KYB Meaning:KYB - or Know Your Business - follows the KYC process however, it refers specifically to completing checks on a business rather than an individual. Implementing a KYC process or KYB process for any new business is the start of any robust AML checks and the duty of every busines...
AML, KYC, CDD are all interconnected terms so it can sometimes be difficult to understand the similarities and differences between them. This blog will give you a clear definition of the terms, processes, and trends for KYC/AML. AML and KYC meaning Know Your Customer (KYC) is the process ...
While KYC typically focuses on individual consumers, Know Your Business (KYB) is a similar and related process aimed at verifying the identity of a business entity and assessing its potential risks. KYB involves collecting and verifying information about a business's ownership (UBO), structure, and...