Supplement KYC Efforts Using Corporate Registration Research

Payments
Supplement KYC Efforts Using Corporate Registration Research
Payment Facilitator
Supplement KYC Efforts Using Corporate Registration Research
As Know Your Customer (KYC) regulations become increasingly critical in the underwriting process, payment facilitators may seek to better understand high-risk merchants by collecting information separate from what is provided by the applicants themselves. Corporate registration records offer reliable, useful data that may help to paint a more complete picture than application information alone. Knowing where to look and what to look for may lead to more effective Customer Due Diligence (CDD) or Enhanced Due Diligence (EDD) efforts.

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