KYC utility

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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