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How does the standard KYC procedure work?

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Derek18
Posts: 13
Topic starter
(@derek18)
Eminent Member
Joined: 4 months ago

I need to be verified for KYC compliance. Verification procedures may vary depending on the nature of the business, but they have the same goals. The main steps of the procedure are data collection and verification. This also includes due diligence and ongoing monitoring of users. How does the standard KYC procedure work?

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Lucas
Posts: 5
(@lucas)
Active Member
Joined: 3 weeks ago

So it turns out that this is just a database with each person's documents. And this database, if something is wrong, sends its request to the police or other government agencies right ? And also everyone can be checked online. Right ?

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dugla
Posts: 21
(@dugla)
Eminent Member
Joined: 4 months ago

Correctly, in order to prevent illegal transfers, credit organizations identify the client. After all, these are activities that help establish and confirm the accuracy of customer information.

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