Workspaces / Demonstration library / P15
KYC, Know Your Customer Glossary and Control Purpose
File corpus.json
Type internal policy
Classification internal
Department compliance
Permitted roles analyst, manager, executive, admin
Version 1.0 (effective 2026-01-01)
Owner Synthetic demonstration policy
Status active
SHA-256 a6e309e5872558cd16f9c36c461788c168f95c0b6fd14c8bb51fe8725b2932c8
Uploaded 2026-10-31T06:37:16+00:00
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[P15]
KYC stands for Know Your Customer. KYC controls are used to establish and verify customer identity, understand the nature and purpose of a relationship, assess customer risk and support ongoing monitoring. KYC is a component of broader financial crime risk management and is closely related to AML, but KYC and AML are not interchangeable terms. Staff must use the approved customer due-diligence procedure for operational decisions.
Answers come only from the governed library and are decision support, not legal advice. Verify regulatory content against the regulator's current publication.