Know Your Customer (KYC) is the due diligence and bank regulation that financial institutions and other regulated companies must perform to identify their clients and ascertain relevant information pertinent to doing financial business with them. In the USA, KYC is typically a policy implemented to conform to a customer identification program mandated under the Bank Secrecy Act and USA PATRIOT Act. Know your customer policies are becoming increasingly important globally to prevent identity theft fraud, money laundering and terrorist financing.
Beyond name matching, a key aspect of KYC controls is to monitor transactions of a customer against their recorded profile, history on the customers account(s) and with peers.
This book is your ultimate resource for Know Your Customer (KYC). Here you will find the most up-to-date information, analysis, background and everything you need to know.
In easy to read chapters, with extensive references and links to get you to know all there is to know about Know Your Customer (KYC) right away, covering: Know your customer, Bank regulation, 100 point check, Agency of Deposit Compensation of Belarus, Asset quality, Basel Committee on Banking Supervision, Basel I, Basel III, Committee of European Banking Supervisors, Bank condition, Deposit insurance, Exposure at default, FinReg21, Institute for Law and Finance, Office of Fair Trading v Abbey National plc, Politically exposed person, Risk-weighted asset, United Kingdom banking law, Financial regulation, 2002 Uruguay banking crisis, Account stated, Accredited investor, Anglo Irish Bank hidden loans controversy, Anti-money laundering software, Financial regulation in Australia, Australian securities law, Basel Accords, Basel IA, Best execution, Blank cheque, Capital Adequacy Directive, Central Economic Intelligence Bureau, Central Index Key, Clawbacks in economic development, Code of Conduct for Clearing and Settlement, Committee on Capital Markets Regulation, Convention of disclosure, Corporate Registers Forum, Customer Identification Program, Derivatives law, Directorate General of Economic Enforcement, Directorate of Revenue Intelligence, Double default, E-file.lu, Economic Intelligence Council, Edge Act, Edict on Maximum Prices, Egmont Group of Financial Intelligence Units, Matthew Elderfield, Enten controversy, Error account, European Committee for Banking Standards, FATF Blacklist, Financial Action Task Force on Money Laundering, Financial Stability Board, Financial Stability Institute, Group of Thirty, Hong Kong Securities Institute, International Accounting Standards Board, International Association of Insurance Supervisors, International Bank Account Number, International Centre for Financial Regulation, International Financial Reporting Standards, International Organization of Securities Commissions, International Securities Identification Number, Investment Industry Regulatory Organization of Canada, ISO 10383, ISO 10962, ISO 15022, ISO 20022, ISO 4217, ISO 6166, ISO 9362, Joint Forum, Kiev Bank Union, Korea Deposit Insurance Corporation (KDIC), Lamfalussy process, Locate (finance), Loss given default, Markets in Financial Instruments Directive, Microcap stock fraud, Misleading financial analysis, Money laundering, Naked short selling, National numbering agency, North American Securities Administrators Association, NSIN, Office of the Superintendent of Financial Institutions, Out-of-pocket expenses, PS146, Pump and dump, Qualified Institutional Buyer, Selective disclosure, Self-regulatory organization, Short (finance), Short and distort, Stock Exchange Executive Council, Superannuation Complaints Tribunal…and much more
This book explains in-depth the real drivers and workings of Know Your Customer (KYC). It reduces the risk of your technology, time and resources investment decisions by enabling you to compare your understanding of Know Your Customer (KYC) with the objectivity of experienced professionals.
