Know Your Customer (KYC)

All Blog Identity Verification KYB/AML Product updates Regulations by Country Use Cases
Know your customer (KYC)
Blog Identity Verification

March 19, 2020

Know Your Customer (KYC): How Does It Work?

Know Your Customer or KYC is a vital customer identification tool that companies and financial institutions use during the customer onboarding process. Since its inception, KYC has become a significant tool to fight financial crimes and cyberattacks. Countering the financing of terrorism (CFT) and anti-money laundering (AML) define and constantly update their guidelines to fight financial crimes.

Domantas Ciulde
LLOYDS

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