Why is it necessary to undergo KYB?

KYB (Know Your Business) is a business verification procedure required to confirm a company’s legitimacy and compliance with international AML regulations.

Companies typically undergo KYB to:

  • verify the authenticity and transparency of their business;
  • reduce the risks of fraud and money laundering;
  • securely connect to financial services and payment providers;
  • work with partners across different jurisdictions.

For MadeTask clients, this means that the platform complies with international standards, can integrate with more providers, and offer a wider range of payment methods and transaction routes.

Important: contractors are also required to complete KYC.

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