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What is KYC?

Q: What is Know-your-client/ KYC?

kyc
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Replies (2)
1
KYC or Know-your-client helps to prevent identity theft fraud, money laundering and terrorist financing. KYC or Know-your-client ensures that banks and financial institutes know detailed information about their clients. KYC protect both clients and banks or investment advisors.
financial institutes.
Abhilasha


2
KYC enables banks to know/ understand their customers and their financial dealings.
Sanjana Jain


3

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