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The Know Your Customer (KYC) process should be performed when a business establishes a new relationship with a customer, and periodically thereafter to ensure compliance with regulations and to manage risks effectively.

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5mo ago

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Related Questions

What is Know your customer?

The term "know your customer", or KYC, is the process used to verify the identity of a business's customer. KYC is also used to refer to bank regulations that conducts these activities.


What should entrepreneurs know about potential customer?

Their demands


How should you know your customer id in hdfc bank?

You can know your Custer motor ID by looking at your monthly statement. The customer ID is always at the upper left-hand corner of the customer statement.


Should I let my customers know my other customers' name?

You should not talk about a customer to another customer at all...No! even though it is very unprofessional no names should be mentioned


If a customer is taking awhile to get their point across but you know the answer to their question you should jump in and offer the answer?

You probably should.


What is the difference between customer service and sales?

the difference between customer service and sales is: in customer service you should be listening to your customer and be able to relate to anything they say or do, you should be able to help and understand the customer and know their needs. In sales your job is to be able to pitch anything to anyone whether they like or need it.


How should you know your customer id in axis bank?

check first page of your cheque book


How should know login id in axis bank?

your customer ID is your iconnect login id


How to write Sample letter to new customer?

When writing the letter, you want to thank the customer for their business. You should also let them know how you can be contacted if they ever have a problem.


What is the difference between sales and service?

the difference between customer service and sales is: in customer service you should be listening to your customer and be able to relate to anything they say or do, you should be able to help and understand the customer and know their needs. In sales your job is to be able to pitch anything to anyone whether they like or need it.


What were Shakespeare's intentions for taming of the shrew?

Shakespeare intended that it should be performed as a play, what else? We don't know anything about how it was performed.


Who performed the Halling dance in Norway?

who performed you should write the answers to every question so that people know what they are looking for..

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