Know Your Business (KYB) due diligence is the process of verifying the legitimacy of any business. By verifying your business, your team members can be confident of two things:
1. That your business is real — not an illegal or illegitimate corporation that only exists on paper — and is safe to do business with.
2. That the individuals running the business are physical people and that they aren’t involved in any wrongdoing or crimes such as money laundering or financial terrorism.
✅ Why do I need to verify my business?
Business verification information is required for employers to ensure that the entities that they are dealing with are authentic and are not being used to conceal the identities of owners for illegitimate purposes.
By verifying your business, we can ensure that we are complying with regulations and avoiding any legal issues.
Verifying your business helps protect against fraudulent activities such as identity theft and money laundering. By verifying your business, we ensure that only authorized personnel have access to sensitive financial information.
Verifying your profile is essential to ensure that your payment information is accurate. It is particularly important for tax reporting, since inaccurate information may subject you to penalties.
Once your business is verified, you will have access to a range of features and services that can make payment processing and management more efficient and convenient. By verifying your account on Niural, you will gain access to all of its features, including extra payment options.