KYC (Know Your Customer / Client) Basics — Flashcards | Anti Money Laundering Specialist | FatSkills

KYC (Know Your Customer / Client) Basics — Flashcards

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This quiz goes back to KYC fundamentals: who you are dealing with, how you know they are who they say they are, and why it matters. It’s aimed at front-line staff who collect and check customer information.

What you should know for this topic

  • The goal of KYC beyond “just getting documents”
  • The minimum information you usually need from individuals and companies
  • Basic ways to verify identity and when extra checks make sense
  • Why beneficial ownership is so important for companies and trusts
  • Common KYC shortcuts that come back as audit or regulator findings

Use this quiz to check if your everyday KYC habits are actually defensible.

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Abandonment
When a NCA request is ceased prior to the Client being formally on boarded.
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