KYC utility

From ACT Wiki
Revision as of 14:33, 8 August 2018 by imported>Doug Williamson (Categorise.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

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