KYB, which stands for "Know Your Business," is a process designed to verify a company's identity and assess its legitimacy and reputation. The primary purpose of KYB is to prevent illegal activities such as money laundering and fraud.
Implementing KYB procedures enables businesses and financial institutions to gain a better understanding of their partners or clients and effectively manage potential risks. Additionally, it is a regulatory requirement in many countries and regions for businesses and financial institutions.
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For more information:
https://oxsecurities.com/account/client-verification-process/
https://oxsecurities.com/about-us/legal-documents/
https://oxsecurities.com/trading-accounts/account-types/
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