Verification Services

The KYC (Know Your Customer) and KYB (Know Your Business) verification services allow you to verify the identity and compliance status of individuals and businesses. These verification services help ensure regulatory compliance, prevent fraud, and validate key data through trusted, authoritative sources. TaxBandits API provides a straightforward way to submit personal and business details, request verification through multiple sources, and receive detailed results, including the verification status for each selected service.

TaxBandits API provides a straightforward way to submit personal and business details, request verification through multiple sources, and receive detailed results, including the verification status for each selected service.

Know Your Customer (KYC)

KYC services are designed to verify the identity of individuals, such as recipients, vendors, or employees, by cross-checking their personal information against multiple authoritative databases. The following checks are available:

Service	Description	Applicable To
OFAC (Office of Foreign Assets Control)	Cross-checks an individual against the U.S. sanctions list.	Financial institutions, government agencies, businesses involved in international trade.
USPS (United States Postal Service) Address Validation	Confirms the validity of an individual’s address.	E-commerce, delivery services, financial institutions, and other businesses relying on address data.

Know Your Business (KYB)

KYB services are used to verify the legitimacy and compliance of businesses. These checks ensure that the organizations you interact with meet regulatory standards, including tax compliance and sanctions regulations. The available business verification checks include:

Service	Description	Applicable To
GIIN (Global Intermediary Identification Number)	Verifies FATCA registration for businesses.	Financial institutions, tax reporting entities, cross-border businesses.
OFAC (Office of Foreign Assets Control)	Cross-checks a business against the U.S. sanctions list.	Businesses involved in international trade, financial services.
USPS (United States Postal Service) Address Validation	Verifies the validity of the business’s address.	E-commerce, logistics, financial institutions, businesses needing address accuracy.
Non-Profit Verification	Confirms if a business is registered as a tax-exempt non-profit organization.	Non-profit organizations, grantors, tax-exempt entities.

How It Works

1. Choose the Appropriate Endpoint

   • KYC/VerifyKYC: For individual identity verification.
   • KYB/VerifyKYB: For business verification.

2. Provide the Required Details

   Submit the details of the individual or the business you need to verify, such as name, TIN, address

3. Specify the Verification Services

   Specify the verification services you wish to use (e.g., GIIN, OFAC, USPS, Non-Profit for businesses).

4. Receive Results

   Once the request is submitted, the API returns detailed verification results, including status and messages for each selected service.