Know Your Business (KYB) FAQ's

KYB FAQ's

This article presents you with common FAQ's for the KYB solution. For information on how to use KYB, send out a KYC check via KYB, and understand the reports, please view the article here.

Who should you send a KYC check too?
Most legalisations stipulate that you have to verify an individual if they hold shares of 25% or more in a company. If you are unsure, you can clarify requirements on the Governments website here or speak to your compliance officer to understand your internal needs.

How much does a KYB check cost?
Running a KYB check on a UK company will cost 9 credits and 18 credits for International companies.

What is the coverage for Credas’ KYB check?
Our KYB check covers 230 countries and 430,000,000 companies.

What is the coverage of our business sanctions check?
Our PEPs & Sanctions check will bring up any sanctions or PEPs linked to the business when an individual and the company appear together in an article. We advise also running a PEPs & Sanctions check on the individual as well via an International Screening data check or included within a journey such as Identity | Address | International Screening.

What financial information do Credas provide?
We provide up to 5 year’s worth of accounts if the information is available from the company. Within the UK, only Public Limited Companies have to file full account information with the Companies House where as Micro-entities only have to file a balance sheet containing assets, liabilities and equity. 

When will a companies documents be available?
A companies filings will be available within 24 hours of companies house releasing it. When the company files their documents is dependent on the company and the country. 

Will all companies show the same information?
The information available for a company will be dependent on the countries filing requirements and the company itself. 

Will Credas provide contact details for the directors & shareholders?
No, contact details will not be provided from the KYB check. These will have to be inputted by yourselves when sending a journey to the individual.

Got any questions?

If you have any questions please reach out to the Credas support team by logging a support ticket using the 'Submit a Ticket' button at the top of the knowledge base.

We are committed to continually improving our support resources for you. We would greatly appreciate your feedback below to help us enhance your experience.