What is KYC?

It is a mechanism to verify the identity of clients.

 

KYC or, for its acronym "Know Your Customer" is a mechanism to verify the identity of customers in compliance with legal requirements and current rules and regulations.

The KYC process basically consists of the identification and verification of the identity of the clients in which a series of controls and verifications are applied.

In order to carry out this process, it's necessary for the user who wants to become a client to demonstrate with legal and binding evidence that he is who he says he is.