Was ist Kenntnis des Kunden?
Kenntnis des Kunden The process of verifying the identity of clients and assessing their suitability, risks, and background to comply with anti-money laundering and counter-terrorism financing regulations.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Kenntnis des Kunden” Used in Practice?
Finanzinstitute müssen robuste KYC-Prozesse umsetzen.
Certification Exam Relevance
Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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Was ist Kenntnis des Kunden?
The process of verifying the identity of clients and assessing their suitability, risks, and background to comply with anti-money laundering and counter-terrorism financing regulations.
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