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KYB process and report

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KYB Service Overview

Know Your Business: Build Trust with your business partner
Argos Know Your Business (KYB) service allows you to verify the identity and money laundering risk of the corporate entity you are dealing with. Easier and more cost-effective way to know your partner, vendor, or trader. 
Minimize your risk with Argos Know Your Business (KYB) service.
How does it work?
STEP 01: Insert KYC Page Link to your service page or application
STEP 02: KYC applicant submit KYB document via KYB service page
STEP 03: Get corporate AML report along with screening result from Argos KYB Dashboard
KYB Dashboard
KYB Submission Page
Scope of Argos KYB service
a. Identification of KYB corporate applicant’s Ultimate Beneficial Owners (UBOs)
b. Understanding the structure of KYB corporate applicant
c. KYB submission page service
d. Corporate AML screening
e. Argos handles the entire communication with KYB applicants
Anti Money Laundering: Watch List Screening
 Argos AML Screening delivers relevant, timely and accurate AML & CFT data from credible sources.
We enable our clients to prevent money laundering and terrorist financing through their channels.
Why do I need AML screening?
1. Compliance with international AML standards
Following international AML standards set by FATF, it is becoming increasingly important to comply with anti-money laundering laws and to determine money laundering and terrorist financing risks prior to establishing business relationship.
2. Extensive Search
Argos AML database includes global sanctions lists, and information on global politically exposed persons(PEPs) and their associates.
Our database also includes reputational risk and adverse media coverage.
Why Argos AML Screening?
​🌎
 Most up-to-date global AML database
​⏲
 Get real-time AML reports on risk profiles
​🤹
 Argos AML screening supports multiple languages
Argos Know Your Business (KYB) service allows you to verify the identity and money laundering risk of the corporate entity you are dealing with.
1. KYB Process
Argos KYB service checks the identity of the KYB applicant, including the ultimate beneficial ownership information. Once verification is completed, AML screening will be conducted for KYB applicant and  related natural entities to identify the risk of money laundering and terrorist financing.
2. What needs to be checked?
Corporations
Non-profit corporations and other organizations
Corporate name
The address and location of the head office and place of business
Business type
Contact info
Ultimate Beneficial Owner Check
Corporate name
The address and location of the head office and place of business
Purpose of establishment
Contact info
Ultimate Beneficial Owner Check
If the customer refuses to provide information you shall not trade with the customer, and if the relationship is already established, the existing transaction shall also be terminated.
3. Ultimate Beneficial Owner Check
The identity of the Ultimate Beneficial Owner(UBO) who ultimately controls the KYB applicant must be verified.
Ultimate Beneficial Owner(UBO) is identified in the order below.

1) A person who owns at least 25% of the shares of KYB applicant

2) If a person who owns more than 25% of the shares cannot be identified, identify the biggest investor, executives, etc., or one of the others who ultimately controls the corporation or organization.

3) If it is not possible to identify UBO according to  1) and 2), check identities of CEO of KYB applicant.
4. Anti Money Laundering Screening
Anti-money laundering screening process checks whether the KYB applicant matches with the person in the AML database. The AML screening result classifies each KYB applicant into different AML risk groups. Client companies may prevent money laundering by deciding who will be on-boarded immediately and who will be reviewed in detail. Argos AML database contains a variety of AML data, including the Global Sanctions List (SAN) and the Political Key Person (PEP).

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KYB process and report

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Outline

Know Your Business: Build Trust with your business partner

How does it work?

Scope of Argos KYB service

Anti Money Laundering: Watch List Screening

Why do I need AML screening?

Why Argos AML Screening?

1. KYB Process

2. What needs to be checked?

3. Ultimate Beneficial Owner Check

4. Anti Money Laundering Screening