"Know your customer” is a widespread practice that helps financial organizations reduce the occurrence of illicit financial actions, such as money laundering and fraud. The "know your customer” process validates customer identities using photo identification, proof of address, and other verification methods. Regulations vary depending on institution types but often include Customer Identification Programs, customer due diligence, and monitoring. Q: What is the meaning for KYC A: Know Your Costumer Knowledge provider：0xeddb693aaba0076ee0de3c822ae56d5c760e89b3 KNOW TO EARN is committed to building the world’s largest blockchain knowledge base and blockchain training academy. Through the interesting form of answering questions, more people can participate in the knowledge learning of the blockchain. You can see this knowledge now because there are a lot of people involved and contributing to the creation of blockchain knowledge. You can also be one of them and share up to 20% in bonuses. You dont need to spend any money, just use part of your spare time to participate in the creation of knowledge. Join our Telegram group to learn more. link: https://t.me/knowtoearn The content of Know to earn knowledge base is provided by users. If there is any infringement, please contact us to delete it as soon as possible. Original link：https://www.investopedia.com/terms/k/knowyourclient.asp