Know Your Customer (KYC) Services

Know Your Customer (KYC) Services and Mitigating Potential Risks

Know Your Customer (KYC) and Due Diligence Requirements For financial institutions, KYC regulations require reasonable due diligence to collect and retain essential data on their clients in order to open and maintain accounts. It’s a key aspect to being in compliance with US and foreign government anti-money laundering (AML) requirements. The main components of KYC