The acronym KYC (know your customer) stands for Connaissance du client. AML (anti-money laundering) stands for LCB-FT (lutte contre le blanchiment d'argent et le financement du terrorisme).
These European standards represent the security procedures that major companies in the monetary and financial system must implement. Each banking establishment is thus under an obligation of vigilance with regard to the financial operations it authorizes.
Their digital transformation and the provision of online services are therefore subject to certain rules. These identity verification rules are applied during the onboarding and remediation process.