Tag: Compliance
Lesson 18 — What Is KYC / AML?
Ever tried joining a gym where the instructor doesn’t even check who you are?Yeah… you probably wouldn’t want to lift weights next to a mysterious hooded figure with a fake name tag that says “Definitely Not A Criminal.” That’s exactly why brokers use KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures.They make sure every…
