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KYC Glossary
KYC vs AML
Understanding the Difference
📖 Definition
KYC (Know Your Customer) and AML (Anti-Money Laundering) are related but different concepts. KYC is the process of verifying customer identity — collecting documents, checking databases, verifying faces. AML is the broader framework of laws and procedures to prevent money laundering, of which KYC is one component. Think of KYC as a tool that helps achieve AML compliance.
🏢 Where You Will See This
Regulatory and compliance contexts
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