KY3P: Difference between revisions
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imported>Doug Williamson (Expand to explain the '3P' part.) |
imported>Doug Williamson m (Add category.) |
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== See also == | == See also == | ||
* [[Know-your-customer]] | |||
* [[Money laundering]] | * [[Money laundering]] | ||
* [[PEP]] | * [[PEP]] | ||
* [[Third party]] | |||
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[[Media:2015_03_Mar_-_Squeaky_clean.pdf| Squeaky Clean, The Treasurer, 2015]] | [[Media:2015_03_Mar_-_Squeaky_clean.pdf| Squeaky Clean, The Treasurer, 2015]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Compliance_and_audit]] | |||
[[Category:Identify_and_assess_risks]] | |||
Latest revision as of 13:20, 14 July 2021
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 Know Your 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
