Primary source company
Transform your inefficient KYC processes with real-time access to over 180 company registries that are continuously updated and configured to your specific needs
Pay-As-You-Go (PAYG) Service
Use NameScan's KYB service to purchase company reports based on your requirements
Access over 180 global company registries to verify the identities of your business partners.
With over 170 million company reports available, we are able to provide you with reliable reports to help you meet your AML/CTF obligations.
NameScan has real-time access to corporate registries, across the world, that have a legal obligation to ensure their data is accurate and up to date.
Informed Due Diligence
Make informed decisions and manage your risk by accessing information that is reliable and can help you meet your KYB obligations.
Access to company information anytime, anywhere, in real time.
What is the Know Your Business Check (KYB)?
Companies that deal with money transfer are required to perform a Know Your Business (KYB) check. This check includes verification of the company registration, business license updates, and the direct and indirect owner/s of the company with whom you are conducting business.
NON-COMPLIANCEFailing to carry out Know Your Business (KYB) checks leads to the risk of exposure to money laundering and terrorism financing activities.
IMPLICATIONIf Know Your Business (KYB) checks are not performed, it may at any point, damage your brand integrity and profit baseline and subject you to penalties for non-compliance.
NameScan's KYB solution will provides the following company information:
NameScan provides an end-to-end compliance platform, allowing you to access current and reliable information to help you meet your AML/CTF obligations.
Reduce customer friction by making informed due diligence decisions based on primary company information.
Access multiple company registries to optimise your decision making process.
How to conduct a KYB check?
Why is it important to conduct a Know Your Business (KYB) check?
It is important to conduct a KYB check to help you identify the legitimacy of the business you are choosing to interact with. Failure to identify shell or fraudulent companies may lead to your business being exposed to money laundering and terrorism financing activities.
To help combat money laundering and terrorism financing activities, many regulatory bodies around the world have made KYB checks mandatory for reporting entities. Failure to comply with regulations will result in significant penalties, upheld by regulatory bodies, and the potential to lose all rights to conduct business within the region.
NameScan can help you comply with anti money laundering and counter terrorism financing regulations in various jurisdictions, helping you manage your risk and adherence to legislation within your jurisdiction.