Know Your Business (KYB) Verification
SitesWay's advanced KYB process ensures secure, compliant business verification while providing a smooth onboarding experience for merchants in Saudi Arabia.
IDENTITY VERIFICATION
SCANNING • • •
What is KYB Verification?
Know Your Business (KYB) is a verification process that helps payment service providers like SitesWay establish the legitimacy and regulatory compliance of businesses seeking to use our payment services. This process is a critical component of our risk management and anti-money laundering (AML) framework.
KYB verification helps us:
- Verify the legal existence and structure of your business
- Identify and verify the identity of beneficial owners
- Assess business activities and transaction patterns
- Ensure compliance with local and international regulations
- Mitigate fraud and financial crime risks
Our KYB Process
SitesWay's streamlined KYB process is designed to be efficient while maintaining high security standards.
Registration
Complete our online registration form with basic business information.
Documentation
Submit required business documents through our secure portal.
Verification
Our compliance team reviews and verifies your business information.
Approval
Upon successful verification, your business is approved to use our payment services.
Required Documents
Business Registration Certificate
- Business Registration Certificate
- Tax Registration Certificate
- Commercial License
- Articles of Association (for companies)
Owner Identification Documents
- Owner Identification Documents
- Proof of Business Address
- Owner Identification Documents
- Articles of Association (for companies)
Bank Account Information
- Bank Account Information
- Bank Account Information
- Tax Registration Certificate
- Business Registration Certificate
Proof of Business Address
- Proof of Business Address
- Business Registration Certificate
- Tax Registration Certificate
- Commercial License
Note: Document requirements may vary based on your business type, size, and risk profile. Our team will guide you through the specific requirements for your business.
End-to-End Encryption
All documents and information are encrypted using industry-leading protocols.
- All documents and information are encrypted using industry-leading protocols.
- Your business information is stored securely with strict access controls.
- Our processes comply with SAMA regulations and international AML standards.
- We continuously monitor for compliance and security risks.
- Security & Compliance
Regulatory Compliance
At SitesWay, we take security and compliance seriously. Our KYB process adheres to the highest standards:
- Our processes comply with SAMA regulations and international AML standards.
- We continuously monitor for compliance and security risks.
- Your business information is stored securely with strict access controls.
- All documents and information are encrypted using industry-leading protocols.
- Security & Compliance
Frequently Asked Questions
Frequently Asked Questions
How long does the KYB verification process take?
The KYB verification process typically takes 1-3 business days, depending on the completeness of the submitted documents and the complexity of your business structure.
Is KYB verification required for all businesses?
Yes, KYB verification is required for all businesses that wish to use SitesWay's payment services, as mandated by regulatory requirements.
How often do I need to update my KYB information?
We recommend updating your KYB information whenever there are significant changes to your business structure, ownership, or activities. Additionally, we may request periodic reviews, typically annually.
What happens if my business fails KYB verification?
If your business fails KYB verification, we will provide detailed feedback on the issues that need to be addressed. You can then submit updated information for re-verification.
How does SitesWay protect my business information?
SitesWay employs industry-leading security measures, including end-to-end encryption, secure storage, and strict access controls to protect your business information.
Ready to Start Your KYB Verification?
Join other businesses that trust SitesWay for secure, compliant payment processing in Saudi Arabia
Fast Verification
1-3 business days
Secure Process
End-to-end encryption
24/7 Support
Always available