The price of KYC varies based on whether you opt for on-the-go access to our KYB service via The Hub where, you pay per KYC with no other hidden charges. If you require integration of our KYC service into your onboarding process, please reach out to us for a personalized quotation.
In order to successfully verify a user, common documents that are required include government-issued photo identification (such as a ID card or passport) and in some cases proof of address (such as a utility bill or bank statement).
Know Your Business (KYB) is a validation process that investigates and determines the authenticity of a company and its complete ownership framework. It is also a thorough investigation that examines business operations to confirm that all collaborating entities are not engaged in unlawful endeavors. KYB guarantees the application of Anti-Money Laundering (AML) regulations to deter money laundering and other forms of significant financial criminal activities.
Business verification (KYB) is necessary to ensure the legitimacy of a company and its ownership structure, as well as to prevent illegal activities and financial crimes. It also helps in complying with Anti-Money Laundering (AML) regulations to maintain the integrity of financial transactions.
To adequately verify a corporation, a variety of documents are often needed. These can include incorporation papers to confirm the company’s legal standing, business licenses to demonstrate its authorization to operate, financial statements to evaluate its fiscal health, as well as evidence of the business address for physical confirmation. Additionally, key executive and beneficial owner identifications may also be required to meet KYB standards.
