KYB

Know Your Business is a method that identifies the responsible party or legal representative of a business, as opposed to the more common practice of identifying potential customers or users in order to register them with a corporation.

To prevent money laundering and other tax offenses and ensure they’re working with trustworthy corporations that can provide assurances and security, the vast majority of B2B (business-to-business) enterprises conduct some form of due diligence on their business partners.