KYC (Know Your Client) is a standard policy for financial service providers in any business relationship. It is essentially a checklist to ensure that they have confirmed the identity of their client as well as any ongoing risks in maintaining that relationship. This is currently common practice especially on all digital financial platforms where users are asked to confirm their identity.
KYC is an extension of anti-money laundering and countering the financing of terrorism policies implemented by regional governments. Know Your Client is a policy used worldwide, although slightly different protocols apply in different countries. Originally, Know Your Client was only implemented in financial institutions, but today it applies to non-financial institutions as well as BaaS providers and other complementary financial companies.

00:00 Introduction
00:02 What is Know Your Customer/Client (KYC)?
00:22 What does “Know Your Customer/Client” stand for?

EMBank website: https://em.bank
EMBank Social Media
Linkedin: https://lt.linkedin.com/company/european-merchant-bank
Twitter: https://twitter.com/europeanmercha1?langen
YouTube: https://www.youtube.com/channel/UCoXRx7OcGevra-1A_5kPGww
Facebook: https://www.facebook.com/europeanmerchantbank
Instagram: https://www.instagram.com/europeanmerchantbank/?hlen

#embank #knowyourcustomer #kyc

Please take the opportunity to connect with your friends and family and share this video with them if you find it useful.