Please note, the following information may only be applicable if you order your checks via thirdfort.com
Thirdfort’s know-your-business (KYB) tool helps you build a complete picture of your client and the nature of their business. We combine multiple best-in-class suppliers to produce one, easy to interpret report for you and your team. Dun & Bradstreet is our supplier for company summary reports and UBO reports for companies globally. For AML screening we use ComplyAdvantage. Using these providers gives you coverage in more than 200 jurisdictions globally.
See how Thirdfort’s KYB tool works
Which jurisdictions do you cover?
You can see a full list of the jurisdictions that Thirdfort covers here.
What is a Company Summary?
A company summary is a live extract from the relevant jurisdiction's register providing information relating to the company's status and other key details about the organisation. It also includes a global sanctions and adverse media check on the chosen organisation.
The information available in the Company summary will vary by company type and jurisdiction. We will always aim to provide a complete report wherever the information is available.
The information we include in a Company summary includes:
- Sanctions and adverse media screening
- Company status
- Incorporation jurisdiction
- Company type
- Company registration number(s)
- SIC number
- Website
- Incorporation date
- Registered address and trading address
- PSC extract
- List of officers
What do you screen for?
As part of our Know-Your-Business service, we run a Screening to ensure you’re aware of any Sanctions which could be in effect against the entity. If any hits are surfaced, we’ll also search for Adverse Media to provide you with as much information as possible about the hit. Our sources are kept up to date regularly, and you have the option to add additional Ongoing Monitoring, to keep tabs on any changes to the status of the entity.
What is a Red Flag summary?
You can read more about what the red flag summary is and what the flags mean here.
With Ongoing Monitoring for companies, what do you monitor?
As with checks on individuals, Thirdfort offers ongoing monitoring for your corporate clients as well. We will notify you of any changes to the Screening results for an initial period of 12 months, which can then be renewed. You can turn off ongoing monitoring at any time, please just get in touch with our support team who will be more than happy to do this for you.
What is an Ultimate Beneficial Owner (UBO) report?
This provides you with real time insight into cross-border shareholder structure information for the selected organisation. We provide you with a clear breakdown and visualisation of the full ownership structure in an easy-to-read format.
What are Official Documents?
These are documents that have been filed at the relevant jurisdictions register. We will only display the documents that are available in that jurisdiction. When selecting these documents you will receive the latest filed version of that document. All documents are returned as they have been filed at the relevant jurisdictions register. This means that documents will be in their native language.
How can I access Know-your-business?
Checks can be initiated via our portal, the same as your client ID verification checks. To locate completed checks, navigate to the ‘Know Your Business’ option in the menu on the panel on the left-hand side of the portal. This will bring up a home page where you can search by company name, reg. number or file reference.
Need more help?
Please note, the above information may only be applicable if you order your checks via thirdfort.com.
These articles should answer most of your questions. However, if you have any further queries please click the live chat button in the bottom right of your screen to talk to a member of the Client Support Team.