TLDR: Thirdfort's KYB reports give you a full picture of a business's structure, ownership and risk. KYB reports combine company information, address history, ownership, people, regulatory status, documents, AML screening and risk indicators, with further details and activity logs. Data is sourced from Dun & Bradstreet with AML screening from LSEG World-Check.
A KYB check brings together company data, ownership structure and risk indicators in one report.
A KYB (Know Your Business) check helps you understand the nature of a business and any associated risk. Below is what you'll find in each section of the report.
Overview
Sourced from Dun & Bradstreet.
| Field | Description |
|---|---|
| Registered name and name history | Current and previous registered names |
| Incorporation date | Date the company was incorporated |
| Company type | Legal structure of the business |
| Company status | Current status (e.g. active, dissolved) |
| Company registration number | Official registration number |
| Company size | Size classification |
| Number of employees | Reported headcount |
| Contact details | Website, email address and phone number |
Addresses
A full address history for both the registered address and trading address, sourced from Dun & Bradstreet. Each address links to its location on Google Maps.
Ownership
Using Dun & Bradstreet data, we build an interactive ownership chart showing which entities and individuals own at least 5% of the business. Ultimate beneficial owners (UBOs) — anyone owning 25% or more — are highlighted separately.
You can run further checks on any individual or entity identified here. Additional checks are linked back to the parent check.
People
A breakdown of Persons of Significant Control (UK companies only) and any current or resigned officers, sourced from Dun & Bradstreet.
You can run further checks on any individual identified here. Additional checks are linked back to the parent check.
Regulators and listings
Shows whether the business is regulated, and by whom, and whether it's listed on a stock exchange.
Documents
Any official documents ordered at the time the check was created. Available documents vary by jurisdiction.
Risk indicators
We assess four indicators. Each is marked either Clear or Consider.
| Indicator | Marked 'Consider' when... |
|---|---|
| Screening results | A potential screening match has been returned |
| High-risk jurisdiction | The business is registered in a jurisdiction on the FATF high-risk third countries list at the time the check was completed |
| Company not active | The business is not currently active |
| Unresolved owner in the chain | Dun & Bradstreet have returned an owner (someone with 5% or more ownership) but do not have the individual or entities name on record. In the ownership chart you will see ‘Not reported’ in place of one or more of the names. |
Anti-money laundering (AML) screening
AML screening can be accessed from the Overview or Risk indicators tabs. We screen the entity using our data provider, LSEG World-Check. Any potential hits trigger a Consider result.
Details
In the details section you can find further information about who created the check and when, as well as the Activity log which is a live record of everything that has happened on the check.
This guide is for Thirdfort Clients using the new CDD platform. This article may not apply if you have not yet been migrated to the new platform or access Thirdfort via a partner or reseller