The traditional approach to Know Your Business (KYB) & AML compliance consists of compiling a database of all entities and their beneficial owners. Although this model allows for fast access, it lacks documentary evidence and its data is by principle often inaccurate and outdated, making this approach incompatible with full compliance with regulations.
Know Your Customer’s platform, on the other hand, is based on live access to documents from official company registries and extraction of truly reliable information on-demand and in real time.
Our innovative approach means that ownership and controlling person information is always accurate as of that minute, and audit-ready documentary evidence is always at compliance teams’ fingertips.