Although the term "Know Your Customer" doesn't mean much to most of us, it is very important in the business world. The "Know Your Customer" process, also known as KYC, is used by financial institutions to verify their customers' identity in compliance with legal requirements such as the Fourth European Union Money Laundering Directive.
On issues pertaining to corruption, terrorism financing and money laundering, KYC practices have become a key tool in combating illegal transactions in international finance.
In this post we will look at this area and how Signaturit streamlines the online verification process making it easier and safer.
This post is also available in Spanish.