KYC (KYC)
Know your customer: verifying the identity of individual customers and assessing their risk.
Overview
KYC covers collecting and verifying identity information, screening against sanctions and PEP lists, and assigning a risk rating that drives ongoing monitoring. Modern KYC is risk-tiered and continuous rather than one-off.
It connects most directly to Customer due diligence, KYB and Anti-money laundering.
Check the official sources below for legal scope, applicable dates and exceptions. This entry is an explanatory reference, not legal advice.
Why it matters
KYC is the front door of AML compliance.
Who it affects
Banks, fintechs, crypto platforms and other financial firms.
Where it sits
Ten linked steps connect where you operate to the proof that you complied.
- 01Jurisdiction
- 02Industry
- 03Activity
- 04Authority
- 05Regulation
- 06Requirement
- 07Guidance
- 08Control
- 09Evidence
- 10Enforcement
Connections
The terms most closely tied to KYC. Select one to open it.
What to do about it
- 1Define the owner, frequency, data and pass condition.
- 2Automate the test on source data where you can.
- 3Capture evidence on every run, including exceptions.
- 4Review exceptions and failures and record the decision.
From requirement to evidence.
KYC controls are tested on every onboarding as data streams in.
Request early access →