Simplify Business Verification with AiPrise

Know Your Business (KYB) is a due diligence process designed to verify the legitimacy, ownership, and operations of a company. It is a crucial component of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) compliance frameworks, mandated by international regulatory bodies such as the Financial Action Task Force (FATF) and regional EU Directives. Various national regulations also require businesses to conduct KYB checks to prevent fraud, financial crimes, and illicit activities.

Manually verifying businesses can be time-consuming and prone to errors. AiPrise automates the most complex aspects of KYB, reducing risk and ensuring compliance while enabling businesses to operate globally across 280+ countries.

Through AiPrise, you can leverage

a. Business Identity Verification

1. Global Business lookup – Verify business name, incorporation details, and legal status across multiple countries.
2. Company Structure Insights – Identify subsidiaries, branches, and parent entities for transparency.
3. Operational Status Validation – Confirm business activities and ensure active operations through global registries

b. Ultimate Beneficial Owner (UBO) / Related Person Screening

1. Ownership Transparency – Identify and verify UBOs, directors, and key stakeholders.
2. Risk Assessment on Stakeholders – Analyse directors, shareholders, and affiliated entities for financial and regulatory risk.
3. Global Compliance Checks – Screen against sanctions lists, watchlists, and PEP (Politically Exposed Persons) databases.

c. Anti-Money Laundering (AML) & Continuous Monitoring

1. Real-Time AML Screenings – Detect sanctioned businesses, blacklisted entities, and financial crime risks.
2. Ongoing Risk Monitoring – Automatically track changes in risk profiles and alert for suspicious activity.
3. Regulatory Compliance – Align with FATF, EU AML Directives, and national regulations.

d. Fraud Prevention & Digital Footprint Analysis

1. Website & Social Media Screening – Verify business authenticity through domain, website, and social activity.
2. Email & Phone Fraud Insights – Detect anomalous patterns and high-risk patterns
3. Business Network Risk Assessment – Identify suspicious corporate connections and fraud-prone entities.

e. Website Analysis

1. Deep Digital Profiling – Analyse 250+ data points on business websites, industry presence, and online reputation.
2. Third-Party & Review Sentiment Analysis – Detect inconsistencies across merchant websites, social platforms, and review sites.
3. Fraud & Risk Detection – Identify abnormal online behaviours signalling potential risk.

f. Document Insights

1. Document Analysis – Extract, summarise and verify incorporation certificates, bank statements, and MOA (Memorandum of Association).
2. Tampering & Fraud Detection – Detect alterations, inconsistencies, and forged documents.
3. Instant Compliance Reviews – Reduce manual effort with automated compliance checks for faster onboarding.

g. Risk Scoring

1. Custom Risk Models – Assess businesses using custom risk parameters.
2. Dynamic Risk Categorisation – Classify businesses as low, medium, or high risk based on compliance factors.
3. Adaptive Risk Frameworks – Adjust risk assessments dynamically based on evolving regulations and business needs.

h. Official Document Purchase

1. Verified Business Records – Retrieve incorporation certificates, UBO details, and regulatory filings.
2. Direct Registry Access – Pull documents directly from official sources for accuracy.
3. Regulatory & Due Diligence Support – Ensure compliance audits and verification processes are met.