This is the first step in the process of doing your due diligence to prevent money laundering. Financial institutions (FIs) use your customer (KYC) processes to confirm a prospective client’s identification before opening an account.
This is the first step in the process of doing your due diligence to prevent money laundering. Financial institutions (FIs) use your customer (KYC) processes to confirm a prospective client’s identification before opening an account.