How can I detect a fake company?

Gathering information about a company and verifying the data through reputable sources helps detect if a company is fake.

Business and UBO Verification

Rapidly Verify Businesses and Their Owners

Q: What is the difference between KYC and KYB?

KYC is about conducting due diligence on people, while KYB is about doing the same for business entities. Business documentation and financial activities are generally more complex and pose a higher risk, so the verification and risk assessment requirements are more stringent.

Book a demo Get the buyer’s guide

Automated Verification, Complete Business Transparency

Trulioo verifies business entities anywhere in the world and connects them to the people who own and control them. Search and verify company vitals, run KYB and KYC together, map ownership structures and collect audit-ready data, all from one integration. Fresh data from government registries and trusted third-party sources keeps onboarding fast and decisions defensible.

Streamline Data Collection

Reach hundreds of government registries and proprietary sources through one connection, and replace manual, inconsistent data gathering with automated verification.

Fine-Tune Risk Management

Draw on an optimal blend of trusted government and proprietary data, then apply a broad set of verification and fraud signals to identify and monitor risk exposure.

Reinforce Reporting

Strengthen compliance with customizable reports, audit trails and automated regulatory filings, with enriched data and ongoing monitoring across borders.

Achieve Optimal Efficiency

Turn raw, unstructured data into structured business profiles, with intelligent routing that automates case decisions, reverification and perpetual monitoring.

Solution Sheet

How Business Verification Affects Your Operations

Dig deeper into strategies for making business verification work for you.

Read the solution sheet

Verify Business Vitals Worldwide

Verify small and medium businesses, sole proprietors and enterprises across the globe. Trulioo supports more than 500 BRN formats and gives real-time access to critical data, including company names, numbers and addresses, so you can confirm a business in seconds and lower risk from the first interaction.

Connect Businesses to Their Owners

Run KYB and KYC in one workflow to capture a complete picture of a company and the people behind it. Map the network of entities and owners, then verify ultimate beneficial owners without adding friction. For the hardest ownership structures, UBO Discovery reconstructs ownership where registries fall short.

Explore UBO Discovery

Apply Intelligent Routing to Verify All Businesses

Blend business and person verification to rapidly onboard companies, micromerchants and sole proprietorships. Trulioo provides fresh, audit-ready and transparent data across the globe.

Solve Complex Problems With Advanced Capabilities

Trulioo provides precise data collection with automated fields customized by location and regulatory requirement. Waterfall different data sources, capabilities and rule sets for streamlined onboarding.

Solve Data Discrepancies With Artificial Intelligence

Trulioo AI and natural language processing address global data disparities by normalizing, standardizing and translating documents in hundreds of different languages.

Snapshot of Trulioo Data by Country

Verify organizations using any combination of name, tax ID and provincial or federal BRN, such as corporation ID, register ID or the Canada Revenue Agency’s BN9 or BN15 number.

Verify businesses using any combination of name, location and registration data, such as business license certificate number, a new or old company registration number, a Unified Social Credit number or a Foreign Trade Registration Certificate enterprise code.

Verify organizations using any combination of business numbers. That includes BRNs such as the SIREN code for businesses and nonprofit organizations and the SIRET code for establishments and facilities. It also includes tax ID, or value-added tax (VAT), numbers such as numéro fiscal de référence (SPI). Trulioo advanced data intelligence normalizes diacritics as well as name and address variations.

Verify organizations using any combination of business name, city and number. That includes VAT numbers and BRNs such as the handelsregisternummer (commercial registry number) that identifies a company in the German Trade Register.

Verify organizations using any combination of business numbers, such as a codice fiscale (tax code number) or a BRN through the Economic and Administrative Index (REA).

Verify organizations using any combination of name, location, address attributes and business number. That includes BRNs such as the KVK-nummer (Netherlands Chamber of Commerce number) or a VAT number.

Verify organizations using any combination of business name, address and number. That includes BRNs such as the KRS (National Court Register) and the National Official Register of Entities of the National Economy (REGON) numbers as well as VAT, or NIP (tax ID), numbers. Trulioo advanced data intelligence normalizes diacritics as well as name and address variations. City, postal code and street name can also be identified.

Verify organizations with enhanced business data, including name and address as well as VAT number or BRNs, including certificado de identificación fiscal (fiscal identification number).

Verify organizations using any combination of address, postal code, VAT number and BRNs, including charity and company registration numbers.

Verify organizations using any combination of business address and identification number, including state-by-state business numbers, tax IDs and employer identification numbers.

White Paper

Verify Businesses and Their Owners Quickly and Securely

Streamline KYB, AML, KYC and customer due diligence during onboarding.

Read the white paper

Deepen Your Knowledge of Business Verification

Business Verification (KYB)

Article | 3 min

KYC + KYB Are Better Together

The ability to integrate KYC and KYB workflows saves time and money, improves accuracy and potentially reduces onboarding time.

Business Verification (KYB)

Case Studies

Consensys Captures Global Verification Efficiency

Case Study: Consensys, a Blockchain and Web3 Software company, teamed with Trulioo to gain efficiencies in person and business onboarding.

Business Verification (KYB)

White Papers

The Four Corners of Superior Business Verification

Read the white paper: Discover how to overcome business verification challenges anywhere in the world with customized, layered workflows, robust data and onboarding agility.

Frequently Asked Questions

Learn more about key industry terms and concepts.

Gathering information about a business and verifying the data through reputable sources helps detect if a company is fake.

Know Your Business is a set of compliance procedures that determine if a company is legitimate. It includes due diligence that assesses the risk of doing business with the entity.

An ultimate beneficial owner is a real person who owns or controls a business or legal entity. Various legal structures can make it difficult to identify UBOs.

KYC requires due diligence on people, while KYB requires the same for business entities. Business documentation and financial activities are generally more complex and pose a higher risk, so the verification and risk assessment requirements are more stringent.

KYB often requires considerable time and effort. Automated KYB reduces costly manual checks, helps ensure accuracy with in-depth reporting and can improve risk evaluation to strengthen fraud defenses.

A typical KYB process includes verifying business documentation, analyzing the company profile, performing a risk assessment, determining entity ownership and control, implementing enhanced due diligence and conducting ongoing monitoring.

Get Started Today

Talk to one of our experts about the solutions you need.

Talk to sales