# KYB and AML checks

> Inputs for KYB and AML: beneficial owners from the RPVS, EU and OFAC sanctions lists, officers and ownership structure.

Know Your Business means knowing who stands behind a company and whether it is on a sanctions list. Both questions can be answered automatically – from the register of public sector partners and from the sanctions lists.

## The problem

Manual KYB is an hour of work per counterparty: find the officers, trace the beneficial owners, walk the sanctions lists and document all of it.

The documentation is the substantive part. At an inspection you need to show not just the result, but when the check ran and against what.

## How FirmAPI solves it

The register of public sector partners holds beneficial owners for entities within its scope. The data is structured, including the authorised person and the date of entry.

We compare against the EU and OFAC sanctions lists on an ongoing basis. The response carries the comparison result together with which list and which date it refers to – exactly what an audit trail needs.

The check can be repeated automatically. A change in ownership structure or a new sanctions listing reaches you as a notification, not as a discovery at the next audit.

## KYB inputs in one call

```
GET /v1/company/ico/51636549?scope=rpvs,sanctions,debarred

{
  "rpvs": {
    "is_public_sector_partner": true,
    "registrations": [
      { "business_name": "...", "valid_from": "2024-03-11" }
    ]
  },
  "sanctions": { "eu_fsf_hits": [], "ofac_hits": [], "total_hits": 0 },
  "debarred": { "is_debarred": false, "is_listed": false }
}
```

## Data used
- RPVS – Public Sector Partners
- EU – Consolidated sanctions (FSF)
- OFAC – US sanctions lists
- Slovak Commercial Register (ORSR)
- GLEIF – LEI identifier

## Frequently asked questions

### Do you have beneficial owners for every company?

No. Only some entities are required to register in the RPVS – those that trade with the public sector. For the rest, the statutory body and shareholders from the Commercial Register are available.

### Does this discharge AML obligations?

No. We provide the underlying data and an audit trail of the comparison. The assessment and the decision remain with the obliged entity.