Know Your Business (KYB) is a critical part of the compliance process that helps verify the identity and legitimacy of the businesses we support. It ensures a secure, trustworthy environment for payroll operations and partnership activities.
Why KYB matters
KYB is required to:
-
Comply with financial regulations
-
Reduce the risk of fraud, money laundering, and illegitimate business activity
-
Confirm that each client is a registered and verifiable entity
By verifying the legal business name and registration number, we help protect all parties involved and establish a foundation of transparency and trust.
When KYB is triggered
KYB verification is automatically triggered when a client enters both:
-
Their legal business name
-
Their business registration number
This real-time check allows for early detection of inconsistencies or potential compliance risks.
How to monitor KYB status
You can track KYB status directly in the Partner Portal:
Navigation:
Company > Business entity > KYB & AML
There, you’ll see:
-
Real-time verification status
-
Any flags or pending items that require action
-
Immediate alerts if something needs follow-up
KYB must be fully completed before the client can run live payroll.