KYC utility: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
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) |
imported>Doug Williamson m (Categorise.) |
||
| Line 16: | Line 16: | ||
[[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:Knowledge_and_information_management]] | |||
[[Category:Ethics_and_corporate_governance]] | |||
Latest revision as of 14:33, 8 August 2018
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
