NeoCheck's KYB Workflow

The basic workflow of NeoCheck's KYB process includes several stages:

Company and Representatives Data Capture

The applicant (legal representative or ultimate beneficial owner) reviews the information and provides additional company details. This includes:

• Company details (legal name, registration number, address, business activity, etc.)
• Identity documents and facial verification of the representative. In this same step, the representative/applicant goes through a KYC process, which includes identity document capture, facial biometrics, and liveness detection.
• Executive positions data.
• Shareholders’ data.
• Corporate documents (articles of incorporation, registration certificate, licenses, etc.)

Corporate Verification and Risk Analysis

The entered data is verified by our engine, performing the following checks:

• Querying the company in national and international commercial registries, chambers of commerce, and other official sources to confirm legal existence and current status.
• AML checks (sanctions lists, PEP lists, and watchlists) for the company as well as its representatives, executives, and shareholders, assessing risks of money laundering or terrorist financing.

Manual review and final validation

An authorized reviewer evaluates the automated results, validates the consistency of the information, and examines any alerts or issues. Only after this review is the verification confirmed or rejected.

Retrieving Verification Results

The system generates a consolidated report with the verification results, evidence, and any possible alerts, which is returned via API or can be downloaded from the platform.