Finance English
Banking

Was ist Kunden-Sorgfaltspflicht?

Kunden-Sorgfaltspflicht A regulatory requirement obligating banks and financial institutions to verify the identity and assess the risk of customers as part of AML/CFT controls.

Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework

How is “Kunden-Sorgfaltspflicht” Used in Practice?

Kunden-Sorgfaltspflicht ist vor Kontoeröffnung und während der gesamten Geschäftsbeziehung verpflichtend.

Certification Exam Relevance

CFAACCAFRM

Who Needs to Know This Term?

  • Financial Analysts
  • Bankers
  • Traders

Learn “Kunden-Sorgfaltspflicht” Free with Termify

Master Kunden-Sorgfaltspflicht and 4,071+ professional terms with native pronunciation, IPA transcriptions and career quizzes. 100% free, forever.

Download Free for iOS

Frequently Asked Questions

Was ist Kunden-Sorgfaltspflicht?

A regulatory requirement obligating banks and financial institutions to verify the identity and assess the risk of customers as part of AML/CFT controls.

Where can I learn this term for free?

Termify is a 100% free professional English app that teaches Kunden-Sorgfaltspflicht and 4,071+ other industry terms with native pronunciation, IPA transcriptions and career quizzes. Available on iOS in 23 languages. No subscription, no credit card required.

Last updated: