Financial Services
Know Your Business Requirements
KYB review can examine the identity, ownership and authority associated with a business relationship.
Business identity and authority
Entity registration, beneficial ownership and authorized representatives concern different facts. Verification should use relevant evidence and should not treat a trade name as a complete legal identity. The scope of diligence depends on the service and participant responsibilities.
Legal concepts and regulatory considerations
Definitions, collection duties and reporting rules vary and can change. Current applicable requirements should be checked before applying a generic process.
How this relates to Remizen
No Remizen KYB program or beneficial-ownership reporting service is announced. This page collects no corporate or personal verification documents.
Practical review considerations
Key points
- Identify the contracting legal entity.
- Review representative authority and applicable ownership questions.
- Use current relevant requirements rather than assumed thresholds.
Frequently asked questions
Does a company name establish signing authority?
No. Entity identity and representative authority need separate review.