Overview
This document provides a high-level description of the functionalities offered by the KYB Platform. The tool enables you to conduct a comprehensive verification process- from data collection to risk assessment and final approval. The document is divided into sections presenting the individual components that comprise the KYB Platform.
Terminology
This section explains a meaning of key terms and concepts used in this document.
|
Name |
Description |
| KYB | Know Your Business-process of verifying the identity and credibility of business clients. |
| AML | Anti-Money Laundering- refers to a set of procedures and regulations aimed at preventing money laundering and terrorist financing. |
| KYB Form |
A form used to collect information about the verified merchant directly by the Representative. |
| Customer Panel | A panel that merchants can access after completing the form. It provides access to operator comments, data editing, and insight into the current verification status. |
| Administration Panel |
It is a tool for carrying out the KYB process, communicating with merchants, and monitoring onboarding thanks to functionalities that enable a transparent and efficient process. |
| Sanction list | Sanction lists are official registers of individuals, companies, organizations, and even entire governments subject to restrictions imposed by states or international organizations |