Looking to learn more about business verification aka KYB?
Fraud is on the rise in B2B industries. To stay safe and compliant, companies need impeccable due diligence when it comes to their customers and business partners. This means conducting proper background checks, establishing ownership structure, and much more. If these crucial steps are overlooked, it can result in significant penalties and fines.
Sumsub prepared a Complete Guide to Business Verification (KYB) to help companies build their KYB process efficiently.
Inside, you’ll find:
- Regulatory differences and important laws by region/country
- Pitfalls of business verification and how to avoid them
- Business verification trends
- Standard business verification workflows
- Suggested verification steps and optimization measures
