Enigma Knowledge

A comprehensive guide to Know Your Business (KYB) compliance—from foundational concepts to industry applications. Start with the basics or jump to a specific topic.

Module 01

Introducing KYB

Start here. Understand what KYB is, why it matters, and how it differs from KYC.

KYB vs KYC: Understanding the Key Differences

Compare KYB (Know Your Business) and KYC (Know Your Customer) verification processes, requirements, and when each applies to your compliance program.

The KYB Process: A Step-by-Step Guide

Walk through the complete Know Your Business verification process, from application intake through ongoing monitoring, with practical guidance for each stage.

What is KYB? A Complete Guide to Know Your Business

Learn what KYB (Know Your Business) means, why it matters for compliance, and how business verification protects organizations from financial crime.

Why KYB Matters

Understand the business case for Know Your Business verification, including regulatory requirements, fraud prevention, and the real costs of inadequate business verification.

Module 02

Compliance

Regulatory requirements including CTA, CDD, EDD, and UBO verification.

Corporate Transparency Act (CTA): BOI Reporting Requirements

Understand Corporate Transparency Act requirements, who must report beneficial ownership information to FinCEN, exemptions, deadlines, and compliance obligations.

Customer Due Diligence (CDD): Requirements and Best Practices

Understand Customer Due Diligence requirements, the FinCEN CDD Rule, risk-based approaches, and how CDD applies to business customers under KYB compliance.

Enhanced Due Diligence (EDD): When and How to Apply It

Learn when Enhanced Due Diligence is required, what EDD measures involve, and how to implement risk-appropriate verification for high-risk customers.

Trusts and Beneficial Ownership

How trusts complicate beneficial ownership verification in KYB, including FATF requirements, verification challenges, and practical approaches to trust-related due diligence.

UBO Verification: Identifying Ultimate Beneficial Owners

Learn how to identify and verify Ultimate Beneficial Owners (UBOs) for KYB compliance, including ownership thresholds, verification methods, and common challenges.

Module 03

Implementation

Practical guidance for choosing software, automating workflows, and onboarding.

Business Graph: Understanding Corporate Structures for KYB

How graph-based data models reveal business relationships, ownership structures, and risk patterns that traditional databases miss.

Choosing KYB Software: Evaluation Criteria and Build vs. Buy

How to evaluate KYB software solutions, key criteria for selection, and when to build versus buy your business verification capabilities.

Entity Resolution for KYB: The Complete Guide

How entity resolution powers accurate business verification—techniques, implementation strategies, and why it's the foundation of effective KYB.

KYB Automation: What to Automate and What Requires Human Review

Learn which KYB verification steps can be automated for efficiency and which require human judgment to manage risk effectively.

KYB Onboarding Best Practices: Balancing Speed and Compliance

Learn how to design KYB onboarding flows that minimize friction for legitimate businesses while maintaining regulatory compliance.

KYB Providers: How to Choose the Right Business Verification Partner

Compare KYB providers and learn what to look for when selecting a business verification solution for your organization.

KYB Solutions: A Complete Guide to Business Verification Technology

Understand the landscape of KYB solutions, from manual processes to automated platforms, and learn what capabilities matter most.

Module 04

Industry

KYB applications across fintech, lending, marketplaces, and payments.

KYB for Fintech Companies

Know Your Business considerations for fintech companies, neobanks, and digital financial services—balancing regulatory requirements with the fast, digital-first experiences customers expect.

KYB for Lenders: Business Verification in Lending

How lenders can implement KYB verification that satisfies compliance requirements while enabling fast, accurate credit decisions.

KYB for Marketplaces and Platforms

How online marketplaces and platforms should approach Know Your Business verification for sellers, service providers, and business users.

KYB for Payment Providers

Know Your Business requirements and best practices for payment processors, acquirers, payment facilitators, and PSPs verifying merchant accounts.

Module 05

Glossary

Quick reference for KYB, AML, and compliance terminology.