Program elements
Customer identification, beneficial ownership, risk rating, ongoing monitoring, and recordkeeping under BSA/AML rules.
Glossary/KYC
KYC
Know Your Customer is the process of verifying identity, ownership, and risk of a customer before providing financial services.
How FinanceAI handles this
The KYC Agent reads onboarding packs and traces each policy check before a human approves disposition.
Questions
KYC vs KYB?
KYB applies KYC concepts to businesses — entity docs plus beneficial owners.