Latest Releases & Jurisdiction Updates Explore What's New from AsiaVerify

Enhanced KYB for MAS‑Ready Compliance

Singapore Basic Plus is the upgraded KYB report that helps compliance teams meet the Monetary Authority of Singapore’s (MAS) updated customer due diligence requirements. This report enriches every shareholder and major individual with essential details, including nationality, residential address, ID type, and ID number, sourced directly from ACRA’s peopleDetails service. This unified approach reduces manual effort, accelerates onboarding, and ensures accurate, reliable reporting.

Key Improvements:

1. Complete MAS CDD Compliance: Access all required data points to meet MAS regulations effective 1 July 2025.

2. Streamlined Onboarding: Eliminate multiple manual ACRA searches, saving time and reducing operational risk.

3. Consistent, Audit-Ready Reports: All individuals in the business structure are enriched consistently for cleaner, more reliable KYB packages.

Why it matters: Singapore Basic Plus delivers a streamlined, audit-ready KYB solution that significantly improves compliance efficiency.

Now Live: South Korea KYB Coverage

We’ve expanded our jurisdictional footprint. South Korea is now our 14th supported APAC market. KYB products are available via both the Portal and API, enabling access to verified business data and ownership insights.

Philippines KYB Now Enhanced with Direct SEC Integration

We have upgraded our Philippines KYB data source, now live on the AsiaVerify API and Portal.

The new connection delivers quicker results and enhanced stability by directly integrating with the Philippines Securities and Exchange Commission (SEC).

Key Improvements:

1. Faster results: Company verification responses are now immediate, instead of taking up to three working days.
2. Greater reliability: The new SEC connection guarantees consistent uptime and more dependable data delivery.
3. Improved data access: Clients can now verify Philippine entities with the same accuracy and speed as our other major markets.

Why it matters: This enhancement strengthens AsiaVerify’s KYB coverage across Southeast Asia, helping teams onboard partners and assess risk with greater confidence.

Indonesia KYB Enhancements for Unified API

Introducing an enhanced Indonesia KYB offering for all Unified API clients.

What’s new:

1. Faster response times, so you can review results and make decisions faster

2. New “LITE” report option for clients who don’t need the full detail every time

Why it matters: Indonesia is one of the more challenging markets when it comes to verifying entities. These improvements will provide clients with greater control over report depth and turnaround time, enabling teams to work more efficiently while remaining compliant.

Hong Kong Sole Trader Business Verification Now Available

We have expanded data coverage in Hong Kong, introducing verification for sole traders. Broader access for Hong Kong is now available to both new and existing clients, and can be accessed via API integration, or through the AsiaVerify Portal, delivering more flexibility when verifying businesses in Hong Kong.

Why it matters: Sole traders comprise a significant portion of Hong Kong’s business landscape, but they can be challenging to verify. This update provides compliance teams with a more reliable method for conducting checks on sole proprietorships, thereby reducing onboarding risk and strengthening the verification process