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CHAPTER 2
KYC Operations
This chapter discusses the following topics:
Application Overview
KYC Modules
User Review
Pre-requisites
Operations
Initial / One-time Activities
Daily Activities
Periodic Maintenance
KYC Specific Terminology
Real Time Account On-Boarding Review
Regular Processing
Risk Models
End of Day Processing
Application Overview
Know Your Customer assesses the risk a customer poses to the bank or financial institution. It is not a one-time
assessment, but is a continuous process of assessing customers. Customers are assessed in different stages of their
relationship with the bank. The different stages of the relationship are described in the following sections:
Deployment Initiation
Real Time Account on Boarding
Account on Boarding /Default Review
Re-review
KYC Administration Guide Release 2.0
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