KYB compliance is a critical step in the anti-money laundering process. KYB focuses on business owners, shareholders, and suppliers before consulting customers. Knowing Your Business (KYB) is a process that verifies the legitimacy of a business and compliance with anti-money laundering regulations.
In this article, we’ll discuss the AML (Anti Money Laundering) and CTF (Counter Terrorist Funding) acts and how they relate to KYC (Know Your Customer) and KYB (Know Your Business), and how the KYB process benefits businesses.
Cybercrime is on the rise, and as applications and networks become more sophisticated, so do the methods hackers use to steal confidential data. Every business with an online presence is at risk of becoming the victim of a cyber-criminal. With that in mind, here are a …