...
| Glossary term | ||
|---|---|---|
| ||
Acronym of Key Performance Indicator. |
| Glossary term | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ||||||||||||
KYC or “Know Your Customer” can be defined as the process of verifying a customer’s identity. Each client is required to provide credentials such as ID documents, Proof of residency, Business information (company registrar, shareholder structure, etc) in order to use a bank’s service. FATCA Declaration form is also counted as KYC |