KYB and AML checks

Know Your Business means knowing who stands behind a company and whether it is on a sanctions list. Both questions can be answered automatically – from the register of public sector partners and from the sanctions lists.

The problem

Manual KYB is an hour of work per counterparty: find the officers, trace the beneficial owners, walk the sanctions lists and document all of it.

The documentation is the substantive part. At an inspection you need to show not just the result, but when the check ran and against what.

How FirmAPI solves it

The register of public sector partners holds beneficial owners for entities within its scope. The data is structured, including the authorised person and the date of entry.

We compare against the EU and OFAC sanctions lists on an ongoing basis. The response carries the comparison result together with which list and which date it refers to – exactly what an audit trail needs.

The check can be repeated automatically. A change in ownership structure or a new sanctions listing reaches you as a notification, not as a discovery at the next audit.

KYB inputs in one call

GET /v1/company/ico/51636549?scope=rpvs,sanctions,debarred

{
  "rpvs": {
    "is_public_sector_partner": true,
    "registrations": [
      { "business_name": "...", "valid_from": "2024-03-11" }
    ]
  },
  "sanctions": { "eu_fsf_hits": [], "ofac_hits": [], "total_hits": 0 },
  "debarred": { "is_debarred": false, "is_listed": false }
}

Frequently asked questions

Do you have beneficial owners for every company?

No. Only some entities are required to register in the RPVS – those that trade with the public sector. For the rest, the statutory body and shareholders from the Commercial Register are available.

Does this discharge AML obligations?

No. We provide the underlying data and an audit trail of the comparison. The assessment and the decision remain with the obliged entity.

Try it on your own data

A free account requires no payment card. Our database holds 2 160 466 entities from 48 public registers.

Create a free account Read the documentation