Preventing Internal Fraud with Know-Your-Employee (KYE)Preventing Internal Fraud with Know-Your-Employee (KYE)

The shift towards remote work has introduced significant challenges in recruitment and internal fraud prevention. This white paper explores the emergence of Know-Your-Employee (KYE) as a critical evolution of existing identity verification frameworks such as KYC (Know Your Customer) and KYB (Know Your Business). KYE extends identity verification practices to employees throughout the employment lifecycle, aiming to mitigate risks such as identity theft, document fraud, and occupational fraud. The paper outlines the benefits of KYE, including enhanced security, regulatory compliance, and streamlined HR processes while also addressing challenges like data privacy, system integration, and employee transparency.

As digital work environments become the norm, KYE is positioned as a vital tool for safeguarding organizational assets and ensuring trust in remote hiring and employee management processes.