Streamline your KYB verification process! Delegate AML watchlist and registry screening, beneficiary verification, and company structure checks to Sumsub
AML files on companies and UBOs
Countries and territories covered
To perform full KYB check
Complete the full KYB in just 3 hours. Corporate documents and UBOs verification are included
No more multiple vendors and dedicated teams. Delegate the entire process to one solution
Follow your regulator’s policies, meet FATF standards, and avoid penalties with our help
Set up the WebSDK widget to optimize how your customers upload documents, fill out questionnaires, and collect information on beneficiaries
Sumsub uses company data from both local and global registries, with more than 400 mln. company profiles available
Screen entities for global sanctions, watchlist presence, PEPs and adverse media upon registration and on an ongoing basis
Verify beneficiaries with a wide range of automated KYC checks to ensure compliance and prevent fraud
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
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.
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
Works on any device
Co-Founder at Weavr
In providing financial services, knowing that our business partners are trustworthy is incredibly important. Sumsub handles the entire KYB + KYC Verification flow for us to ensure that customers onboarded are verified to high standards. Sumsub's technology is flexible and allows us to rapidly implement a wide variety of use-cases. Their team is effectively an extension of our internal compliance team. On top of automated registry lookups, money laundering screening, and UBOs checks, Sumsub’s legal team oversees the entire verification process.
CEO and co-founder at Crassula
We were very happy from the start. The integration went quickly and effortlessly. Then, we saw how good the support was. If there was a request for, let’s say, ‘stronger security measures’, Sumsub was quick to take care of that. It showed us very effective communication.
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.
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.
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.
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.
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.