Know Your Client (KYC) definition

Know Your Client (KYC) means the procedure specified by the Board for identifying and verifying the Proof of Address, Proof of Identity and compliance with rules, regulations, guidelines and circulars issued by the Board or any other authority for Prevention of Money Laundering from time to time.
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Know Your Client (KYC) means the procedure of verifying the User's identity and assessing the risk posed by his activity and use of Company's and its affiliates' Services. As part of the procedure, it is required to submit to Company or its affiliates information relating the User which is required to be obtained under Applicable Law including, his full name, home address, email address, bank statements, tax returns, audited financials, digital wallet address and any additional information required by the Company.
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Examples of Know Your Client (KYC) in a sentence

  • The account will be opened following receipt of the Customer Agreement and proper account opening documentation and ancillary supporting documentation necessary to meet the Intermediaries Know Your Client (KYC) and Anti-Money Laundering compliance.

  • As part of the Celbux Merchant Application Process, you are required to provide certain Know Your Client ("KYC") information and upload necessary supporting documentation, to facilitate the opening of your Merchant Account(s).

  • You will maintain copies of all records relating to Selling Agent Investors including, but not limited to, copies of subscription documents, AML documentation and all Know Your Client (KYC) records.

  • You may be required by Touchstone to provide certain Know Your Client ("KYC") information to facilitate the opening of your ▇▇▇▇▇▇▇▇.▇▇▇▇ Wallet.

  • Prior to your BigONE account being confirmed and set up, it might be necessary to utilize the BigONE platform to complete the onboarding procedure, which includes confirming your email and phone number, submitting/uploading supporting documents, as well as providing evidence for additional procedures such as the Know Your Client (KYC) process or Anti Money Laundering (AML) check.

  • BigONE customers are restricted to individuals or institutions who have created a BigONE account and passed full levels of verification for Know Your Client (KYC) and Anti Money Laundering (AML) checks.

  • Know Your Client (KYC) Form As required by SEBI,this Document captures the relevant mandatory information about the client.

  • Each of them will be invited to create an account in the KoreConX platform where they will go through a Know Your Client (KYC) check at the cost of the company ($5 per person).

  • Further SEBI vide Circular reference number ISD/CIR/RR/AML/1/06 dated January 18,2006 mandated that all the Stock Brokers should formulate and implement a proper policy framework as per the guidelines on anti money laundering measures and also to adopt a Know Your Client (KYC) policy.

  • The maximum number of clerk(s) who will be granted leave during the Choice vacation period will be two(2).