The KYB process is a compliance requirement for all Avinode Group customers. Through this process, we look to ensure that members meet legal and compliance requirements.
KYB stands for 'Know Your Business', this process helps Avinode verify and validate members and their organizations. Upon approval, we allow our members to participate across our suite of products at Avinode Group.
We will ask you for information to enable us to (1) verify that your business legally exists, (2) understand your corporate structure, and (3) identify and verify who controls and owns your business.
Who can see the KYB data and documents?
Access to the KYB form is highly restricted.
Within Avinode Group, only the KYB staff persons directly responsible for the KYB process have access to the form (this is a tightly controlled and limited group) along with the compliance teams of our payment solution providers.
The form asks questions about the company:
- The Company’s legal registration and certificate.
- Ownership structure, individual owners, and copies of their IDs.
- Registered directors and copies of their IDs.
- Bank account and a bank statement dated within the last 3 months (this is optional for some countries).