KYB is the process of verifying the identity and legitimacy of a business. This is crucial for business accounts and ensures that businesses using MoneyBeat are properly registered and operating lawfully.
How KYB Works:
-
Business Registration: As a business owner, you will need to provide business-related documents such as:
-
Certificate of Incorporation or Business Registration Documents.
-
Tax Identification Number (TIN) or VAT Number.
-
Shareholder Information or Ownership Structure.
-
-
Verification: We will verify that the business is legitimate and complies with the necessary legal and regulatory requirements.
-
Approval: Once the KYB verification is completed, your business account will be activated for transactions.
KYB Benefits:
-
Protects against financial crime, including money laundering and fraud.
-
Ensures that businesses are legitimate and comply with the regulations.
-
Helps prevent illegal activities on the platform.