KYB

KYB at onboarding

The point where a business first becomes a customer is also the point where a KYB check has the least existing context to work from - and the most riding on getting it right.

What's different about onboarding specifically

A KYB check run later, as part of ongoing monitoring, has a previous result to compare against - it's looking for a change. A check run at onboarding has nothing to compare to: it's establishing the baseline itself, for the first time, usually while the business on the other end is waiting to actually start using the product.

The trade-off: speed vs. completeness

A shallow onboarding check - confirming the entity exists and is active, without resolving ownership past the first named shareholder - is fast but incomplete: it hasn't actually identified beneficial owners, only shareholders of record. A full resolution, walking the ownership chain to natural persons, is the complete answer but takes longer for a deep or multi-jurisdiction structure. Where that trade-off sits should be a deliberate risk-based decision, not an accident of which check happened to run first.

What happens after onboarding

An onboarding-time KYB result is a snapshot. Whether it needs to be re-checked afterward - and how often - is a separate decision, covered by KYB monitoring and, run continuously, perpetual KYB.

Related

The KYB checklist

What an onboarding-time check should actually confirm.

KYB verification, explained

The check itself, in depth.

KYB monitoring

What happens after onboarding.

Automated KYB

How this check runs at the speed onboarding needs.

See it work on a real company.

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