What Does KYC Mean in the Banking Sector?
by Cheqly team
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Know Your Customer
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KYC
KYC means Know Your Customer. Financial institutions are shielded from money laundering, fraud, corruption, and terrorist financing by related standards.Three crucial steps are involved in KYC in banking: We’ve compiled a guide with all the most recent information to help you understand the KYC procedure and KYC requirements for banks. We’ll examine the reasons behind … Continued