Glossary

KYC (Know Your Customer)

Customer identity verification and risk assessment performed during onboarding and throughout the relationship.

Definition

Know Your Customer (KYC) is the process of identifying a customer, verifying their identity, and evaluating their risk. KYC typically includes collecting identity attributes, verifying documents (where required), screening against sanctions/PEP lists, and assigning a risk rating that drives ongoing monitoring.

Also known as

  • Know Your Customer

Related terms

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