KYC


Also found in: Financial.
AcronymDefinition
KYCKnow Your Customer
KYCKnow Your Client
KYCKeep Your Cool
KYCKansai Yacht Club (Japan)
KYCKaneohe Yacht Club (Hawaii)
KYCKirat Yakthung Chumlung (indigenous social organization; Limbu community; Nepal)
KYCKent Youth Choirs (UK)
KYCKundalini Yoga Class (personal fitness; various locations)
References in periodicals archive ?
The report, The Cost of Compliance and How to Reduce It, found that following new EU Anti-Money Laundering (AML4/5) and Counter-Terrorist Financing (CTF) rules extending the scope of KYC requirements, the annual cost of punitive non-compliance fines has risen to EUR3.5 million.
Bringing the Blockpass KYC Connect product to the forefront of AML and regulatory compliance, merchants can now be sure that the user data they are reviewing is up to date within their jurisdictional requirements.
The National Association of Software and Services Companies (NASSCOM) in India has asked the Indian central bank to extend the deadline for full KYC for e-wallets.
At the same time, we took important steps in the second quarter to strengthen our management of non-financial risks, particularly in the areas of KYC and anti-money laundering.
Dubai: Dubai International Financial Centre (DIFC), together with Mashreq and norbloc announced their strategic alliance to launch the region's first production-ready blockchain KYC data sharing consortium in Q1 2020 to support businesses and Corporates in Dubai.
The programme also outlines the creation of a consortium agreement to govern the mutualisation of KYC efforts among future participating banks, government bodies, financial institutions, as well as other licencing authorities, to subscribe to the platform.
Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, together with Mashreq, a leading financial institution in the UAE, through its Corporate and Investment Banking Group, and norbloc, the leading Know Your Customer (KYC) and client onboarding fintech regionally headquartered in DIFC, announced on Wednesday their strategic alliance to launch the region's first production-ready blockchain KYC data sharing consortium in Q1 2020 to support businesses and Corporates in Dubai.
Bahrain Clear requested shareholders carrying physical certificates to update their personal KYC information which will facilitate distribution of past unclaimed dividends withheld by the listed companies.
The facility of opening Sahulat Account for Customers with simplified KYC requirements has also been made available to Authorized Intermediaries (AIs) in KYC Information System (KIS).
The feature is hassle-free and investors can complete their KYC process from the comfort of their home or office using mobile or laptop in just a few minutes.
Financial institutions that subscribe to BENEFIT can instantly complete KYC and Anti-Money Laundering (AML) compliance procedures when onboarding new individual and corporate customers through the Fenergo-powered eKYC hub and rules engine utilising blockchain.
Chennai, India, April 18, 2019 --(PR.com)-- Virtual Auditor brings an online easy method for DIN holders to file new form of DIR-3 KYC. The company also offers helpline numbers which presents answers to all the queries of the Directors.