KYC (Know Your Customer)
KYC (Know Your Customer) is a set of procedures for identifying the client, their beneficiaries and the nature of the business, which the bank carries out before opening an account and during service to assess risks.
Under KYC the bank requests documents on the company, its owners and the substance of the deals. Complete and accurate data speed up the processing of foreign-trade payments.
We will advise which documents to prepare for the bank for your deal.
Related terms
Need help with delivery and customs clearance?Submit a request