Key Differences Between Know Your Business (KYB) and Know Your Customer

KYB solutions

Know your business (KYB) and know your customer (KYC) processes do not differ much apart from their purpose. Due to the increasing number of cybercrime and fraud cases worldwide, authorities require businesses to perform anti-money laundering (AML) and counter-terrorism financing (CTF) checks. For this purpose, firms carry out KYC and KYB checks to verify the … Read more