ESG and responsible business
Know your customer
The checks financial and other regulated businesses must do to verify customers' identities and assess risk. Often shortened to KYC.
A plain-English explanation of how this usually works, not legal advice. Rules differ between countries and change over time, so check your own situation. Disclaimer.
You'll hear it as
Onboarding takes a day because of KYC.
Also called KYC.
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