Know Your Customer

Financial institutions are legally obliged to adhere to Know Your Customer (KYC) laws and regulations, which ensure that customers are not involved in illegal activities, such as money laundering and terrorism financing. Failure to comply with these laws and regulations is severe and ranges from reputational damage to heavy fines to even revocation of license.

The KYC solution helps businesses comply with guidelines issued by regulatory bodies and internal procedures that manage specific risks during the business relationship with customers, from onboarding to ongoing reviews.

After completing this module, you should be able to:

Available in the following mission: