The importance of Know Your Business (KYB)

A key aspect of compliance for many organizations is Know Your Business (KYB). While KYB has historically been seen as an extension of KYC – and the two have many similarities – it is emerging as its own discipline. Having the right processes around KYB can help companies stay compliant and ultimately be more successful. Improving KYB processes means you can serve business clients more quickly and with a high degree of efficiency.

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