Know Your Customer (KYC)

Category: Compliance · Abbreviation: KYC

What is Know Your Customer?

Due diligence process used by financial institutions to verify the identity of clients and assess potential risks.

Related terms

• AML
• CDD
• EDD

More Compliance terms

• Anti-Money Laundering (AML)
• Code of Conduct
• Compliance
• Compliance Program
• Counter-Terrorist Financing (CTF)
• Customer Due Diligence (CDD)

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