Proximity Risk in KYC and KYB: Why Second-Degree Connections Change the Outcome
Blog post from TigerGraph
Proximity risk in KYC (Know Your Customer) and KYB (Know Your Business) reviews refers to the potential threats that arise not from the entity being directly evaluated, but from its second-degree connections. These risks emerge when entities are indirectly linked to others that may present higher risks, which are often overlooked in traditional reviews that focus primarily on direct relationships. Graph-based workflows and connected analysis can provide a solution by offering a broader view of these relationships, allowing for a more comprehensive risk assessment that includes second-degree connections and their implications. This approach is crucial for maintaining consistency and transparency in risk evaluations, as it helps to identify patterns of shared ownership, intermediaries, or counterparties that could significantly impact risk decisions. TigerGraph, for example, supports this process by enabling the visualization and tracing of these complex relationships, thereby aiding in the maintenance of auditability and policy-driven decisions in KYC and KYB workflows.
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