asiaverify

  Performing a know your customer check is easier than you may think Are you planning on partnering with a business based in Hong Kong? If so, you’re required to run a Hong Kong KYC (know your customer) check. The same applies to businesses with an address in Japan. You’ll need to perform a Japan KYC check. The process is the same, regardless of where the company is located. The process is also a legal requirement. The know your customer check helps prevent money laundering and terrorist financing. Failing to do due diligence can result in hefty fines and the possibility of not being allowed to do business in the country. So, how do you run a Hong Kong KYC or a Japan KYC ? Here’s a brief look at the simple steps.   Gather the Necessary Information   The business you’re merging or partnering with will need to provide the following information so you can verify specific aspects of the company. ·          Full Business/Owner’s name ·          The owner’s date of birth or the date the bu