Know your customer

Know your customer or know your client (KYC) laws, regulations and guidelines in financial services require regulated businesses and professionals to verify the identity, suitability, and risks involved with maintaining a business relationship with a customer. These procedures fit within the broader scope of anti-money laundering (AML) and counter terrorism financing (CTF) regulations.

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Source: Wikipedia · Image: Wikimedia Commons · CC BY 3.0

ENGPAY

Payments, explained — digital wallets, gateways and merchant tech, plus handy everyday calculators.

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