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KYC compliance: A form and proof of identity.
by dd36 8y ago
KYC compliance: A form and proof of identity.
- CaptainZapp 8y agoActually it goes a bit further than that. It means to determine the actual beneficiery of a bank account in addition to traceability of the funds used. The bloke showing id may not be the actual owner of the funds and it's up to the bank to determine this.