Know your business

Know Your Business across 240+ jurisdictions with Shufti's KYB

Whether you want to scale or adapt to changing compliance requirements, Shufti's KYB allows you to check the latest and updated company registries, business filings, and ownership records across 240+ jurisdictions. Layered with sanctions and media screening, Shufti helps you uncover hidden risks before they impact your business.

300 Million

Companies data

240+

Countries business verified

2000+

Official data sources verified

Top challenges of KYB verification

KYB verification is difficult because business entities often hide behind complex ownership structures, shell entities, and incomplete data. Without the right tools, businesses can suffer greater reputational and financial risks. Here are the top challenges of

Incomplete registry coverage

Many vendors only tap a limited set of company registries, leaving large blind spots in emerging markets or jurisdictions with poor digital infrastructure.

Shallow UBO and ownership checks

Tracing ultimate beneficial owners often stops at surface-level shareholders; complex multi-layered ownership chains or offshore structures are left unresolved.

High false positives in risk screening

Basic name-matching against PEP, sanctions, or media lists produces floods of irrelevant alerts, wasting compliance resources and slowing onboarding.

Poor handling of local formats

Different countries have unique company numbering, naming conventions, and language scripts. Legacy systems often can’t parse or normalize this data effectively.

Lack of ongoing monitoring

KYB is often treated as a one-time onboarding event, with vendors offering weak or no continuous monitoring of businesses, owners, and directors.

Reliance on outdated records

Many vendors do not collect their own data and hence rely on outdated records when verifying businesses. This leads to both compliance and trust risks.

Create trusted business relationships with Shufti’s Business Due Diligence

Quickly verify company data, including addresses, financial statements, and Ultimate Beneficial Owners (UBOs). Monitor Politically Exposed Persons (PEP) lists, sanctions watchlists, and media databases to detect potential business risks and compliance threats.

Achieve strong compliance with anti-money laundering (AML) requirements

Shufti deploys comprehensive AI-powered monitoring of Politically Exposed Persons (PEP) lists, global sanction watchlists, and adverse media databases.

Eliminates the hassle of periodic and burdensome AML reviews with ongoing background monitoring.
Companies receive updates when business information changes to ensure continuous compliance with regulations and vendor management systems.

Improve productivity and build strong partnerships with accelerated onboarding

Accelerate partner and supplier onboarding programs by verifying business information, including Ultimate Beneficial Owner (UBO) data.

Reduce onboarding costs up to 60% by using our expert money laundering reporting officers (MLROs).
Validate IDs and corporate documents in real time with the help of Shufti’s expert compliance officers and money laundering reporting officers.

Reduce fraud through powerful Identity verification

Shufti’s IDV solutions help companies seamlessly prevent a wide range of fraudulent activities.

Our comprehensive tools include document verification and due diligence forms, all of which strengthen accuracy and help eliminate identity fraud.
Our global coverage spans over 240 countries in over 150 languages.

Support know your vendor, trader, or supplier requirements by screening businesses against Politically Exposed Persons (PEP) lists, sanctions watchlists, and monitoring media databases.

Business AML screening

With Shufti, get holistic KYB Checks for complete confidence

Verification is often treated as a compliance box to tick. Shufti see it differently: as the active force that transforms uncertainty into confidence, risk into resilience, and strangers into trusted stakeholders.

Global registry intelligence

Access official corporate data from registries in 250+ jurisdictions, verifying business legitimacy and ownership structures instantly. No matter where a company is registered, Shufti provides the evidence you need to trust them.

Deep UBO & director verification

Go beyond surface checks by verifying Ultimate Beneficial Owners, directors, and shareholders in a single streamlined flow. This ensures hidden stakeholders are identified, and risk is assessed at every level of ownership.

Continuous monitoring & alerts

KYB doesn’t stop after onboarding, Shufti tracks regulatory status, ownership changes, and new sanctions in real time. This constant vigilance prevents surprises and keeps partnerships compliant and trustworthy over time.

How our KYB process works

Step 1

Corporate Business Registry Check

Step 2

UBO & Director Verification

Step 3

Dynamic Questionnaires

Step 4

Sanctions & Watchlist Screening

Step 5

Continuous Monitoring & Alerts

Go beyond surface-level checks by verifying Ultimate Beneficial Owners (UBOs) and directors within the same streamlined flow. With verification in under 30 seconds and a 90% pass rate, Shufti ensures efficiency without compromising accuracy.

Instantly pull official company records on businesses and their ownership structures. With direct access to business registries worldwide, you confirm that the entity exists and operates legally before taking the next step.

Design tailored questionnaires to capture essential details from counterparties. Conditional logic makes the process risk-based, efficient, and adaptive to the unique profile of each business.

Design tailored questionnaires to capture essential details from counterparties. Conditional logic makes the process risk-based, efficient, and adaptive to the unique profile of each business.

KYB doesn’t end at onboarding. With real-time business monitoring, Shufti alerts you to changes in ownership, regulatory status, or watchlist entries, keeping your partnerships compliant and your trust chain intact.

Customize your KYB process

Standard KYB

Ideal for the basic business verifications

Reports include:

Registration Details
Company Officers
Company Filings
Industry Codes

Businesses are verified with our regularly updated databases that hold corporate data from official registries for precise business verifications

Enhanced KYB

Ideal for extensive business verification

Comprehensive business reports are generated consisting of:

Registration Details Company Officers
Beneficial owners data
Company Filings
Financial performance of the company

Businesses are verified against corporate data retrieved from official business registries in real time, comprehensive dumps and third party data sources

100% accurate and authentic data

Coverage of global and complex jurisdictions, including the MENA region

Explore Shufti's global trust platform for all-in-one-IDV checks

Global Trust Platform

Frequently Asked Questions

What is Know Your Business (KYB)?

Know Your Business (KYB) is the process of verifying the legitimacy of a company, its owners, and its financial activities. It helps prevent fraud, money laundering, and illegal business relationships.

Why is KYB verification important?

KYB verification is crucial for compliance with AML and KYC regulations, ensuring businesses only partner with legitimate companies. It protects against fraud, financial crime, and reputational risk.

How does Shufti’s KYB solution work?

Shufti’s KYB solution automates business verification by checking company registries, UBOs (Ultimate Beneficial Owners), AML watchlists, and financial history. It delivers fast, accurate results to simplify compliance.

Which documents are required for KYB verification?

KYB typically requires company registration certificates, ownership details, financial statements, and proof of address. Shufti streamlines the process by extracting and validating these documents digitally.

Which industries need KYB compliance?

Banking, fintech, insurance, crypto exchanges, and B2B marketplaces all require KYB checks to comply with AML regulations. Any business working with corporate clients benefits from KYB verification.

learn more

The 1% that matters in fraud prevention

Most vendors boast “99% fraud prevention”, but the real danger hides in the 1% they overlook. In this whitepaper, follow the story of Jack, a seasoned fraudster who thrives in those blind spots. Discover why it’s time for companies to move beyond surface-level checks and adopt solutions that truly understand the nuance in every case.

Download the whitepaper