Why Tariffs Matter to Fraud and Risk Teams: A 2025 KYB Wake-Up Call

Tariff changes in 2025 are increasing costs, disrupting supply chains, and pressuring small businesses, which may lead companies to switch suppliers, establish new entities, or alter operating structures more rapidly. These shifts create added Know Your Business (KYB) risks for banks, lenders, fintechs, and online marketplaces, including shell companies, falsified goods-origin records, customs fraud, opaque ownership, and misrepresented business locations. The text identifies consumer electronics, automotive parts, apparel, renewable energy, industrial equipment, and e-commerce as especially exposed sectors because of their international supplier networks and rapid vendor turnover. Although FinCEN’s beneficial-ownership requirements have not changed, the text argues that stronger and continuous due diligence is increasingly important amid heightened customs enforcement, including verification of ultimate beneficial owners, operating locations, industry risk, financial health, sanctions exposure, and adverse information. It advocates automated, real-time KYB systems, such as Socure’s RiskOS, to monitor changing business risk profiles and combine identity, registry, trade, and sanctions data.

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