Define: KYC Compliant
KYC Compliant means an entity that has provided all required information and complied with anti-money laundering and anti-terrorism guidelines, not risking a lender's adherence to these standards upon forming a banking r
KYC Compliant means an entity that has provided all required information and complied with anti-money laundering and anti-terrorism guidelines, not risking a lender's adherence to these standards upon forming a banking relationship.
Relevant Circumstances
- When establishing banking relationships
- During the negotiation of loan and credit agreements
- Upon entering financial services agreements
- When setting up joint ventures
- Merging with or acquiring other companies