kyc

language: pt

definitions

  1. noun
    An acronym for "Know Your Customer" or "Know Your Client", referring to the mandatory regulatory process used by financial institutions and other regulated entities to verify the identity of their clients, assess their risk profiles, and monitor transactions to prevent money laundering, fraud, and terrorist financing.
    pt: Conheça seu cliente

examples

  1. AML protocols require banks to implement robust Know Your Customer (KYC) procedures.

    Os protocolos AML exigem que os bancos implementem procedimentos KYC robustos.