What does KYC mean?
The process of verifying the identity of clients to assess suitability and potential risks of illegal intentions.
Financial institutions must follow strict KYC procedures to prevent fraud.
KYC in German, French, Spanish and Italian
GermanKYC
also Identitätsprüfung
Gesetzliche Pflicht für Banken.
FrenchConnaissance du Client
also KYC
Vérification d'identité obligatoire.
SpanishConozca a su Cliente
also KYC
Identificación de clientes en finanzas.
ItalianAdeguata Verifica
also KYC
Verifica obbligatoria dei clienti.
Common phrases with KYC
- procedure KYC
- compliance KYC
- strict KYC
- verify KYC
Synonyms and opposites for KYC
- Synonym Identity verification
- Synonym Due diligence