Know Your Client

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Know Your Client

A form containing detailed information on the risk tolerance and investment goals of the client of a brokerage. The KYC form helps ensure that an investment adviser or broker does not make decisions that do not conform to the client's intentions. Filling out a KYC form does not mean that the investment adviser always makes correct decisions; it merely requires him/her to make decisions that will be generally accepted as sound for someone who seeks to do what is in the client's best interests. See also: Prudent-Person rule.

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'The biggest change in the past two years has been new EU rules around KYC related compliance.

KYC compliance costing banks EUR50 million a year as financial sanctions soar

By streamlining merchant processes and simplifying the user experience, we are really taking the pain out of the digital KYC process.

Blockpass Releases New App UI, Upgraded Merchant Dashboard and Developer Portal

NASSCOM said the extension is required so that the industry will have enough time to install digital KYC processes.

Indian central bank asked to extend KYC deadline

The Program also outlines the creation of a Consortium Agreement to govern the mutualization of KYC efforts among future participating banks, government bodies, financial institutions as well as other licensing authorities to subscribe to the platform.

DIFC, Mashreq and norbloc join hands to launch blockchain data sharing consortium

By Q1 of 2020, companies will be able to digitally create a single KYC record, which will be authenticated with an electronic ID, to simultaneously share data with their various financial institutions.

KYC data-sharing consortium to launch in Dubai

Listed companies have published several announcements requesting for shareholders carrying physical certificates to visit Bahrain Clear in order to transfer their physical certificates to the Electronic Registry and update their KYC, which will allow them to have access to the e-services available including swift receipt of future dividends through direct bank transfers.

Shareholders urged to update KYC

This feature will speed up the KYC process and save time," said an official of FundzBazar.

Online mutual fund investment platform FundzBazar launches 'Selfiewala KYC' feature for first-time mutual fund investors

This will prompt Fenergo's rules engine to determine the required KYC and AML data and documentation for customer due diligence (CDD) as subscribed by Central Bank of Bahrain.

Fenergo Partners with BENEFIT to Create National eKYC Utility in Bahrain

According to the official website for Virtual Auditor, Directors can create an account on their website and after that they have to select "DIR 3 KYC" option where they can upload required documents.

Virtual Auditor Experts Comes up with a Unique Solution to File New DIR 3 KYC E -Form

Kirat Yakthumg Chumlung (KYC), Kirat Rai Yayokkha (KRY) and Sunuwar Service Society (SSS) recently organised an event to mark Udhauli festivities at Gulf Horizon Hotel.

Nepali community members mark Udhauli festivities

To protect themselves, regulated firms operating in the country, both local and international, must enhance the quality of their Know Your Customer (KYC) efforts.

encompass partners with The Wanda Credit Service to further strengthen China coverage

The Know Your Customer (KYC) initiative is important in protecting businesses from being abused and used to launder money and finance terrorism.