jita guragain2 KYC is a process of knowing the customer profile and the risk he possess basis his current position, jurisdiction, product opted, his association with high risk individuals and/or entities etc. The KYC is done while onboarding a customer and during the entire relationship with Customer. By knowing the customer profile, we can anticipate the transactions he would do. And, if any transaction is not matching with customer profile will lead to suspicion and alerts would be generated for further investigations. This is how KYC would facilitate in identifying money laundering transactions. I hope this helps🎉
We have seen lot of misunderstandings among people when they use AML and KYC as synonyms. This video help beginners and people who want to understand these concepts.
Please explain correlationship between kyc and money laundering
jita guragain2 KYC is a process of knowing the customer profile and the risk he possess basis his current position, jurisdiction, product opted, his association with high risk individuals and/or entities etc. The KYC is done while onboarding a customer and during the entire relationship with Customer. By knowing the customer profile, we can anticipate the transactions he would do. And, if any transaction is not matching with customer profile will lead to suspicion and alerts would be generated for further investigations. This is how KYC would facilitate in identifying money laundering transactions. I hope this helps🎉
Nice video...short but insightful
Thanks for the video and your effort
are you serious ?
it is like wondering in , is the Sun a cousin of the moon ?
We have seen lot of misunderstandings among people when they use AML and KYC as synonyms. This video help beginners and people who want to understand these concepts.
@@AMLtraining thanks .. I never read in your title it is for beginners.
كيف احصل علي AMl خاص بي؟؟
Not sure what does this mean?
Slm dear
Pls silent T in word often
Thanks for your feedback 👍
both AML and KYC are colonialism/imperialism