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Defining this acronym: > Know Your Customer (KYC) are a set of standards used within the investment and financial services industry to verify customers, their
by karaterobot 4y ago
Defining this acronym:
> Know Your Customer (KYC) are a set of standards used within the investment and financial services industry to verify customers, their risk profiles, and financial profile.
https://www.investopedia.com/terms/k/knowyourclient.asp https://www.investopedia.com/terms/k/knowyourclient.asp
- chrismcb 4y agoCalling KYC a set of standards is a bit if a misnomer. KYC checks are a legal requirement in the banking industry.