View source for KY3P

''Anti money laundering''.

'KY3P' refers to knowledge and understanding of third-party risk in relation to transactions, especially - but not only - financial transactions.

The term derives from '''K'''now '''Y'''our '''3P''' (third party).


The term KY3P derives from the principle of 'KYC' (Know Your Customer), KY3P being a broader concept than KYC.

Third parties would include, for example, suppliers as well as customers.


== See also ==
* [[Money laundering]]
* [[Know-your-customer]]
* [[PEP]]


=== Other resources ===

[[Media:2015_03_Mar_-_Squeaky_clean.pdf| Squeaky Clean, The Treasurer, 2015]]