Know Your Client (KYC) are standards used in the investment and financial services industry to verify customers and know their risk and financial profiles. KYC uses clients' data to verify their identity, including information such as source of income, address, date of birth and family status.KYC is a standard used in the investment and financial services industry to verify customers and know their risk and financial profiles. KYC is a standard used in the investment and financial services industry to verify customers and know their risk and financial profiles. It is a process that checks to verify if customers are eligible for transactions and transactions involving high levels of risk.KYC standards help protect clients from fraud and theft. In the investment sector, KYC standards help ensure investors' money is used as intended. The standards are designed to protect investors by providing a means of identifying their identity. The standards also help identify any fraudulent or suspicious activity that may occur. KYC standards ensure that investors' money is used as intended and helps protect them from fraud and theft.KYC is a standard used in the financial sector to verify customers and know their risk and financial profiles. KYC can also be used to monitor prudent business practice, be it in the corporate sector or any other industry, where financial transactions and assets are controlled.
