Multi-checks for KYB

With the regulatory landscape and modus operandi of criminals constantly changing, it requires businesses not only to have robust Know Your Business (KYB) procedures in place but also to have the flexibility to change a procedure if new risks are identified to ensure compliance, work proactively, and build trusted relationships with customers and supervisors. At Bits Technology, we’re proud to announce the integration of multi-checks for KYB within our onboarding procedures.

What does this mean for our customers and partners? It means a profound due diligence procedure through multiple layers of verification, ensuring that every business we onboard undergoes thorough scrutiny, aligning with global regulatory standards. This not only safeguards our customers' fight against financial crime but also fosters transparency and trust in all our relationships.

Key benefits of our multi-checks KYB approach include:

• Enhanced Risk Management: Identifying potential risks associated with customers’ businesses early in the onboarding process.

• Compliance Assurance: Adhering to regulatory requirements across jurisdictions with comprehensive due diligence.

• Efficiency Gains: Streamlining onboarding without compromising thoroughness, reducing turnaround times.