The global hazard of money laundering that contributes to terrorist activities remains high. With its ultimate business (UBO), know your customer (KYC), and know your business (KYB) processes, AsiaVerify is attempting to combat one of the most significant threats to the security and stability of the global economy.
The threat to businesses is an evolving hazard against which businesses must remain vigilant at all times. AsiaVerify’s resources are instantaneously translated and delivered to verify businesses in a variety of industries, including those with complex ownership structures.
AsiaVerify provides companies with access to the largest repository of vital information in the Asia-Pacific (APAC) region, which is necessary for conducting due diligence.
Companies can avoid costly penalties and punishments by doing vendor and supplier due diligence.
Knowing your business practices reduces the likelihood of fraud and financial crime. AsiaVerify’s services are indispensable for safeguarding enterprises and their customers. The primary documents include over 344 million businesses, over 166 million alerts, and over 1.4 billion people for business verification.
AsiaVerify’s services are equally essential for know your customer (KYC) due diligence. During enrollment procedures, it is simpler than ever for businesses to unwittingly enter into agreements with unscrupulous companies, be misled by criminal enterprises, and encounter fraudulent individuals. Each year, an estimated 2 to 5 percent of the gross domestic product, or up to $1.47 trillion, is laundered. Every business must secure itself from potentially compromised individuals and organizations, especially those of a political nature.
In a global economy, AsiaVerfy’s services for business background checks, KYB, and KYC are indispensable for conducting business. The available primary records provide registration data, key personnel, monitor lists, and other types of vital information to automate the minimization of risk and multiple threats. AsiaVerify’s solutions are customizable, and businesses can request a free demonstration.