How do shipowners complete the KYB process?

KYB (Know Your Business) involves verifying the legitimacy, ownership, and financial health of business entities, such as shipowners who list assets on Shipfinex.

Shipfinex currently undertakes KYB through a meticulous, manual process which involves:

• Direct engagement via email or face-to-face meetings.
• Submission of extensive documentation to validate ownership, legal compliance, financial stability, and operational history of both the vessels and the business itself.
• Thorough due diligence procedures by Shipfinex's compliance teams to ensure adherence to international AML/CFT guidelines.

Only businesses that successfully pass this rigorous vetting process can list assets for tokenisation on Shipfinex, ensuring investors have access to thoroughly vetted, compliant investment opportunities.