Know Your Customer (KYC)
Definition of what Know Your Customer (KYC) stands for (in finance):
A regulatory requirement ensuring that financial institutions verify customer identities to prevent fraud and money laundering.
More Term Definitions
- Electronic Banking Internet Communication Standard (EBICS) Definition
- Point Of Purchase (PoP) Definition
- Stellar Definition
- Clearing And Settlement Mechanism (CSM) Definition
- Special Purpose Acquisition Company (SPAC) Definition
