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Terms starting with K

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Explain it like a bankFlips every card at once

KYC

also called Know Your Customer, verification

Proving who you are with an ID document and usually a selfie, before a regulated service will let you move money. It is a legal requirement, not a preference.

AML Sanctions screening Travel rule Eligibility

KYC

What you already know this as

Opening a bank account. The same passport, the same proof of address, the same wait.

In Kite: You complete KYC once, then request your card in the app.

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