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Ondato

What is KYB?

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  • What is KYC?
  • What is AML?
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  • What is Customer Due Diligence (CDD)?
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Ondato | June 22, 2022

Know Your Business. Similar to KYC, it’s a requirement to do proper Customer Due Diligence and risk assessment on corporate accounts to ensure that the source of funds is legitimate and the risk to launder money or finance terrorism is sufficiently low. (Also referred to as corporate KYC.)

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