Algocandy

🔹 Definition Know Your Supplier (KYS) is the process of vetting, verifying, and continuously monitoring third-party suppliers to ensure they are legit…

🔹 Definition Know Your Seller (KYS) is the process of verifying the identity, legitimacy, and compliance risk of individuals or entities who offer goo…

🔹 Definition Know Your Merchant (KYM) is the process of verifying the identity, legitimacy, business activities, and risk profile of a merchant before…

🔹 Definition Know Your Investor (KYI) is the process of verifying the identity, background, and risk profile of investors before allowing them to part…

🔹 Definition Know Your Employee (KYE) is the process of verifying the identity, background, and integrity of employees—particularly those in sensitive…

🔹 Definition Know Your Customer (KYC) is the regulatory and procedural process by which financial institutions and other regulated entities verify the…

🔹 Definition Know Your Business (KYB) is the process of verifying the identity, ownership structure, and legitimacy of a business entity before establ…

🔹 Definition KYC Verification is the process of validating the identity and legitimacy of a customer as part of Know Your Customer (KYC) requirements.…

🔹 Definition KYC Risk Rating refers to the process of assigning a risk level (typically low, medium, or high) to a customer based on the results of Kn…

🔹 Definition Jurisdiction Risk refers to the inherent level of money laundering, terrorism financing, sanctions, or regulatory risk associated with do…