KYB service

Full-cycle business verification

Streamline your KYB verification process! Delegate AML watchlist and registry screening, beneficiary verification, and company structure checks to Sumsub

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Full-cycle business verification

Speed up onboarding

Perform complete KYB and KYC checks in just 3 hours while ensuring that applicants submit forms successfully

Reduce costs

You no longer need dedicated teams and multiple vendors to perform verification. Instead, delegate it all to Sumsub's solution, which effectively combines automated checks with legal expertise

Verify businesses easily

The KYB verification process shouldn’t be complicated. Sumsub offers streamlined verification that quickly verifies businesses and beneficiaries while attracting more clients

Stay compliant, anywhere

You can trust Sumsub to help you stay in line with your regulator's policies, meet FATF standards, and avoid penalties. Plus, you’ll always have access to relevant corporate registries and AML lists

A KYB platform designed
to scale your business

Customizable data collection widget

Set up the WebSDK widget to optimize how your customers upload documents, fill out questionnaires, and collect information on beneficiaries

Customizable data collection widget

Business data updates

Sumsub uses company data from both local and global registries, with more than 400 mln. company profiles available

Business data updates

AML screening

Screen entities for global sanctions, watchlist presence, PEPs and adverse media upon registration and on an ongoing basis

AML screening

Proper KYC verification of UBOs

Verify beneficiaries with a wide range of automated KYC checks to ensure compliance and prevent fraud

Proper KYC verification of UBOs

In-depth due diligence by Sumsub’s legal team

Let Sumsub’s compliance team take care of the corporate documents, ownership/control structures, and other data to ensure bulletproof adherence to any policy or jurisdiction

In-depth due diligence by Sumsub’s legal team

Start exploring Sumsub today

Get a free demo

Here’s how the verification flow works

We’ll take care of the entire verification process for you, so you can focus on doing business with your new clients! Plus, you’ll always be able to perform checks yourself on our platform, just in case

  • You set up and customize the onboarding flow to suit your needs

  • The applicant uploads company and beneficiary data

  • Sumsub performs document verification, ownership and control structure verification, registry checks, AML screening, as well as automatic KYC checks of beneficiaries

  • Sumsub's legal team reviews the check results

  • You receive an informative report at the end of the KYB procedure

A slick interface your users will love

Remote KYB onboarding doesn’t have to be a bad experience for your clients. Customize the verification steps and widget to create a straightforward verification flow for businesses and UBOs.

A slick interface your users will love

Fits right into your process

The Sumsub SDK requires a one-time integration that’s done in 1 hour, with most clients beginning checks in a week. All further settings are code-free and available in the dashboard

Web SDK

Works on any device

FAQ

  • What is KYB (know your business) in AML?

    Anti-money laundering (AML) regulations require potential business partners to be checked for identity and authenticity, which prevents potential money laundering and terrorist financing activity. Know Your Business (KYB) is specifically centered around performing due diligence on a business you seek to onboard as your client.

  • What is needed for KYB?

    To prove business ownership and control structure, it’s necessary to collect information on the business, its owners, and representatives, including but not limited to registration documents, company address, licensing documentation, and identity documents of natural persons.

  • What is KYB compliance?

    KYB compliance is required for AML-regulated companies. This means that companies need to make sure that their business partners are verified and unaffiliated with money laundering and terrorist financing.

  • What is the difference between KYC and KYB?

    Know Your Business (KYB) and Know Your Client (KYC) are verification procedures made to ensure the authenticity of provided data. KYB focuses on company or supplier information, whereas KYC checks personal identity and documents.

  • What are KYB requirements?

    In order to perform KYB verification, it’s necessary to collect identity documents from shareholders, UBOs, and representatives, along with acquirer statements, proof of address, and corporate documents intended to confirm the company's legal existence, details, ownership, and control structure.

Don’t take our word for it.
Here’s what our clients have to say

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Start verifying businesses with Sumsub today!

Hop onto a short call with us and begin securely and compliantly onboarding new clients with automated know your business verification

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FAQ

  • What is KYB (know your business) in AML?

    Anti-money laundering (AML) regulations require potential business partners to be checked for identity and authenticity, which prevents potential money laundering and terrorist financing activity. Know Your Business (KYB) is specifically centered around performing due diligence on a business you seek to onboard as your client.

  • What is needed for KYB?

    To prove business ownership and control structure, it’s necessary to collect information on the business, its owners, and representatives, including but not limited to registration documents, company address, licensing documentation, and identity documents of natural persons.

  • What is KYB compliance?

    KYB compliance is required for AML-regulated companies. This means that companies need to make sure that their business partners are verified and unaffiliated with money laundering and terrorist financing.

  • What is the difference between KYC and KYB?

    Know Your Business (KYB) and Know Your Client (KYC) are verification procedures made to ensure the authenticity of provided data. KYB focuses on company or supplier information, whereas KYC checks personal identity and documents.

  • What are KYB requirements?

    In order to perform KYB verification, it’s necessary to collect identity documents from shareholders, UBOs, and representatives, along with acquirer statements, proof of address, and corporate documents intended to confirm the company's legal existence, details, ownership, and control structure.