Know Your Customer (KYC) Regulations
GPTKB entity
Statements (50)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:legislation
|
| gptkbp:appliesTo |
gptkb:Banks
gptkb:Credit_unions Financial institutions Payment service providers Mutual funds Broker-dealers Insurance companies Fintech companies Investment firms Money service businesses Cryptocurrency exchanges Lending institutions Non-bank financial institutions |
| gptkbp:enforcedBy |
gptkb:European_Union
gptkb:India gptkb:United_Kingdom gptkb:United_States gptkb:Financial_Crimes_Enforcement_Network_(FinCEN) gptkb:European_Banking_Authority_(EBA) gptkb:Office_of_Foreign_Assets_Control_(OFAC) gptkb:Securities_and_Exchange_Commission_(SEC) gptkb:Financial_Conduct_Authority_(FCA) Financial regulatory authorities Reserve Bank of India (RBI) |
| https://www.w3.org/2000/01/rdf-schema#label |
Know Your Customer (KYC) Regulations
|
| gptkbp:originatedIn |
Bank Secrecy Act (USA)
|
| gptkbp:penalty |
Fines
License revocation |
| gptkbp:purpose |
Prevent money laundering
Prevent terrorist financing Verify customer identity |
| gptkbp:relatedTo |
gptkb:Customer_Due_Diligence_(CDD)
Anti-Money Laundering (AML) Regulations |
| gptkbp:requires |
Record keeping
Proof of identity Ongoing monitoring Proof of address Screening against politically exposed persons (PEP) lists Assess customer risk Collect customer identification information Customer risk assessment Enhanced due diligence for high-risk customers Monitor customer transactions Reporting suspicious activity Screening against sanctions lists |
| gptkbp:updated |
Patriot Act (USA)
4th EU Anti-Money Laundering Directive |
| gptkbp:bfsParent |
gptkb:Bureaux_de_Change_in_Nigeria
|
| gptkbp:bfsLayer |
7
|