In the context of the financial market, the KYC procedure means "Know Your Customer", and the principle of AML (Anti-Money Laundering) is a whole complex of regulatory operations and methods to ...

Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures are essential components of a robust compliance framework for financial institutions worldwide. These procedures help to prevent ...

However, lengthy, clunky and cumbersome KYC checks can adversely impact firms, and outdated KYC procedures and a poor customer experience can lead to financial losses.

The emergence of Natural Language Processing (NLP) technologies offers a promising solution to revolutionise KYC procedures, enhancing efficiency, accuracy, and compliance.

Methods There is a general process to KYC procedure, but keep in mind that the method to complete this process may vary between financial institutions. Some common methods are: ...

How KYC procedures are implemented may vary depending on exchanges’ specific compliance policies, regulatory requirements and operational practices.