Economy, asked by ahadpadania5638, 1 year ago

What is anti money laundering and KYC

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Answered by Sneha200324

0

So KYC is one of a anti money laundering procedure or a small part of AML and Combating Financing terrorism (CFT). ... KYC stands for “Know Your Customer”. It is a term used to describe how a business identifies and verifies the identity of a client.KYC is part of AML, which stands for Anti-Money Laundering.

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