KYB Framework

The ACA Know Your Business (KYB) Framework addresses the practical challenges of conducting effective business customer due diligence in African markets where centralized business registries may be incomplete or unavailable. This framework provides systematic approaches to business verification that work in environments with limited corporate transparency while maintaining compliance with regulatory requirements.

This framework covers business identification, business structure analysis, ownership verification, beneficial owner identification, business address verification, and business activity assessment. It addresses different business types including corporations, partnerships, cooperatives, and informal business structures.

Effective business identification requires systematic collection and verification of business information. Documentation procedures should capture business registration details, business ownership structure, business activity description, and business location.

Adapt verification methods to local business registration systems and available documentation sources. Ensure consistent application of KYB procedures throughout the customer lifecycle.