Award-winning RegTech firm, RiskScreen, is now offering its customers access to KYB (Know Your Business) data from global business verification provider, kompany. Hitherto RiskScreen’s users have been able to conduct KYC (Know Your Customer) due diligence on individuals, including company directors and shareholders, but the introduction of kompany’s live register network of KYB data opens up a whole new layer of insight into corporates and ultimate beneficial owners (UBOs), streamlining the onboarding process for corporate entities.
kompany’s global network provides real-time access to commercial registers, financial authorities and tax offices around the world, making kompany the leading KYB provider to fully satisfy the strictest requirements on primary-source company data for anti-money laundering regulation. Based in Vienna, Austria, kompany is also a government licensed clearing house and official distributor for commercial registers in many countries around the world. Today their network connects to commercial registers, and financial authorities and tax offices in more than 200 countries and jurisdictions, covering over 115 million companies.
Stephen Platt, founder and CEO of RiskScreen, said, “I am so pleased we can now bring kompany’s real-time network of company data to our customers, as I know it can only enhance the quality of their compliance screening processes – and by doing so strengthen our combined efforts to combat money laundering and financial crime.”
“Audit-proof company data is your first line of defence for anti-money laundering and strengthens compliance throughout the organisation and the customer life-cycle. We are proud to partner with RiskScreen and accelerate the adoption of regulatory technology. Our partnership with RiskScreen will offer more organisations around the world access to the company data they need to efficiently and effectively meet their compliance requirements while actively fighting money laundering.” said kompany CEO and Co-founder Russell E. Perry.
kompany’s network of company information is available now in the RiskScreen OnBoard solution. You can find out more by emailing [email protected], or attending RiskScreen’s imminent webinar on KYB due diligence on Thursday 15 April 2021. Find out more at www.riskscreen.com/events.
Released 31 March 2021
Full press release is available for download here: RiskScreen kompany press release 31Mar21 final