What is KYC?


:> KYC stands for "Know Your Customer" or "Know Your Client". It is a process that financial institutions use to verify a customer's identity and assess any potential risks to the business relationship. KYC is a mandatory process for opening an account and is periodically repeated over time.

#Join Gate Post User Survey & Win $1,000
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned