Coming Soon
Global Electronic Business Verification
Instantly verify the existence of organizations, partners or counterparties around the world.
Important for business accounts, trusts, and high-net-worth (HNW) accounts.
Worldview, known for providing international identity verification from worldwide, data experts will soon offer Electronic International Business Verification. Using independent reference data, you’ll be able to verify organizations, partners or counterparties regardless of the organization’s country of origin or operating structure. With GDC’s Business Verification, results include business checks, digital commerce verification, and digital threat checks.
Why KYB?
Provide Guidance
4AML Directive provides guidance on Enhanced Customer Due Diligence (eCDD) practices to further organization’s KYC Compliance regimes.
Enhanced Customer Due Diligence
eCDD provides extended/enhanced Customer Due Diligence processes for “high risk” individuals and businesses.
Identify Owners
Identifies the individuals that directly or indirectly own or control a legal entity of the firm (> 25% Ownership).
Identify Those with Legal Responsibility
Identify individuals that have the responsibility to manage or direct a legal entity customer, such as a senior manager or executive officer.
Creates Transparent Business Processes
Provides transparent business processes while providing legal and financial entities with more detailed information.
Results Achieved with eBV
Business Checks
Using available data sources to check that the business exists and, if possible, is associated with the location elements provided.
Digital Commerce Verification
Using organization name and elements to check multiple merchant and digital reference databases (refreshed bi-weekly) to confirm the “Digital Existence” of an organization.
Digital Threat Check
Digital commerce verification produces a threat check to indicate a level of risk associated with conducting business with the organization.
Business Data Source Types Available with Global Business Verification
With GDC’s Data as a Service model, all data is stored and maintained in Russia in compliance with the local rules and regulations. The sources are independent reference data sets that are qualified for identity verification use cases, and they are reliably updated and maintained by GDC’s data partners. No personally identifiable information leaves the source databases in the process of verifying identities.
Business Registry
Government Registry
Chambers of Commerce
Digital Commerce
Utility
Proprietary
Telco
Postal
Want to Know When it Goes Live?
Fill out the form and we’ll reach out with our Global Electronic Business Identification service is available.
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Global Data Consortium