KYB (Know Your Business)
Definition: A compliance process for verifying corporate entities, including their legal status, ownership structure, and financial legitimacy. To ensure compliance and security, requires businesses to complete a Know Your Customer (KYC) verification process. This guide provides step-by-step instructions for submitting accurate business details and documentation.
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click on the complete KYC tab.
Step 2: Complete Business Information
- Legal Business Name: Enter as registered (e.g., Penn Logistics).
- Business Registration Number: Provide the official ID (e.g., PENN2245671BXI).
- Business Type: Select the correct structure (e.g., Limited Liability).
- Date of Incorporation: Input the registration date (e.g., 31/12/2002).
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Business Address: Ensure consistency with official records.
Step 3: Upload Required Documents
- Business Registration Certificate
- Recent Bank Statement (≤3 months old)
- Articles of Association
- Licenses/Permits (if applicable)
- Full legal name
- Contact details (email/phone)
- Ownership percentage
Step 5: Review & Submit
- Double-check all entries for accuracy.
- Click “Update and Continue” to finalize.