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KYC
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KYC

Know Your Business (KYB)

Know Your Business (KYB) is another term or variation of KYC. KYB involves the same processes and practices within KYC where data and documents from business/corporate counterparties would be collected and analyzed to ensure organizational and governmental compliance obligations are being met and risk is minimized.

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Other related terms:

Explore other KYC terminology in Avallone's KYC dictionary.