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
- Acquiring Bank/Acquirer Definition
- Bot Definition
- Domain-Specific Language (DSL) Definition
- Bank Identification Number (BIN) Definition
- Proof-of-Work (PoW) Definition
