Know Your Business checks are vital to the success of your business. We understand that you may have concerns about whether the company you are dealing with is financially sound. Red Flag Alert can help you understand and adapt to the financial situations of all businesses you are dealing with.
Every company presents a potential financial risk to your business, and this is where Red Flag Alert’s high-quality data will help. KYB is a broad concept that applies to all areas of your business, from supply-chain to customer onboarding. Our platform is straightforward and easy-to-use, allowing small to medium businesses and large enterprises to conduct KYB compliance checks, giving you an in-depth understanding of who you are dealing with, and any associated financial risk implications. This allows you to make informed decisions in real time.
UK's Number 1 Insolvency Score
The UK’s number one insolvency rating that implements a different approach to financial health.
Demonstrate Compliance
Your entire workflow is stored in the cloud, so it’s easy to prove you meet regulations. A secure audit trail means you can build robust and effective AML compliance frameworks.
Portfolio Management
Track and Monitor the businesses you deal with, in one portfolio.
Real-Time Alerts
Receive alerts when an event occurs with one of your businesses as well as health rating changes.
Onboard Efficiently
Make quick risk assessments in your onboarding process, avoid companies that don’t meet regulation and financial criteria.
Each business in our database of over 15M+ businesses has an extensive breakdown of key information. This allows you to make informed decisions in real time. One of the most important features is monitoring along with Digital AML. The monitoring feature gives you real-time alerts on any business you choose to add to a portfolio. Digital AML provides a broader level of compliance with the ability to check UBOs and directors for PEPS and Sanctions. The benefits of the RFA platform are limitless in a sense that we are constantly striving to update and advance our technologies.
Click through to find out how SMEs to enterprises can use Red Flag Alert for kyb compliance.
Search the company you want by name or registered company number.
Discover information about the company and individual actors. Toggle through the financial data and take note of financial health score and directors.
Create a portfolio of companies or individuals to monitor, and always be alerted in real-time of changes.
Get a demo to see how our platform can be used to perform know your business compliance checks, today.
Know Your Business or KYB is a complicated topic but is a mandatory procedure for AML-regulated companies. KYB checks consist of the retrieval of a company’s details and due diligence credit checks, corporate structure, identification, and verification of the UBOs, application of the risk-based approach, and adequate responses to high-risk factors. Each case may vary depending on its specifics and jurisdiction.
KYB is mandatory for financial institutions and various other AML-regulated organisations to verify the identities of their corporate clients. The KYB process is mandatory due to it being a matter of legal compliance for the financial sector. If you are not in the financial sector, your business should still use KYB to eradicate financial risk and fraud. Red Flag Alert utilises Digital AML as well as Manuel AML that cross references the information submitted with domestic and foreign databases. The Digital AML provides where compliance is necessary and preventing the risk of dealing with sanctioned clients.
Know your business (KYB) are the checks that a firm carries out in order to verify the companies and suppliers they deal with. This is the due diligence review of an organization to help you make informed decisions and verify the legitimacy of a corporate client.
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