Statements (48)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
regulatory process
|
| gptkbp:alternativeName |
Know Your Client
|
| gptkbp:appliesTo |
individuals
businesses |
| gptkbp:challenge |
privacy concerns
data security cost of compliance customer onboarding delays |
| gptkbp:digitalKYC |
gptkb:e-KYC
online verification methods |
| gptkbp:enforcedBy |
gptkb:government_agency
central banks financial regulators |
| gptkbp:exampleCountryRegulation |
US Bank Secrecy Act
EU AMLD (Anti-Money Laundering Directive) India KYC norms |
| gptkbp:fullName |
gptkb:Know_Your_Customer
|
| gptkbp:goal |
prevent terrorist financing
comply with regulations prevent money laundering |
| https://www.w3.org/2000/01/rdf-schema#label |
KYC (Know Your Customer)
|
| gptkbp:importantFor |
ensures regulatory compliance
protects financial system reduces financial crime |
| gptkbp:introducedIn |
1970s
|
| gptkbp:processor |
risk assessment
identity verification ongoing monitoring screening against watchlists |
| gptkbp:purpose |
verify identity of clients
|
| gptkbp:regulates |
gptkb:FATF
local financial authorities AML laws |
| gptkbp:relatedTo |
gptkb:AML_(Anti-Money_Laundering)
customer due diligence enhanced due diligence |
| gptkbp:requires |
gptkb:photographer
date of birth proof of identity government-issued ID proof of address |
| gptkbp:usedBy |
banks
financial institutions insurance companies investment firms cryptocurrency exchanges |
| gptkbp:bfsParent |
gptkb:RegTech
|
| gptkbp:bfsLayer |
5
|