KYC utility

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Revision as of 15:41, 4 August 2018 by imported>Doug Williamson (Create page. Sources: The Treasurer Aug 2018 p24 & PwC webpage https://www.pwc.com/us/en/industries/financial-services/library/know-your-customer.html)
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Financial institutions - anti money laundering - know your customer.

A know your customer (KYC) utility is a central repository that stores the data and documents required to support a financial institution’s KYC procedures.

Once a customer’s data has been entered into a utility, member financial institutions can access the information for their own individual KYC requirements.


See also


Other resources

Squeaky Clean, The Treasurer, 2015

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