Filings & regulation
Know your customer
Also called KYC or AML
The identity checks a regulated firm must perform before letting you invest.
How it works
Firms must verify identity, understand the source of funds, and monitor for suspicious activity. It is why opening an account requires documents.
The obligations sit with the firm, and failing them carries substantial penalties, which is why the checks are often more thorough than customers expect.
Related terms
More in Filings & regulation
- Material event filing
- Material information
- Institutional investor
- Quarterly report
- Insider dealing and disclosure
- Regulatory filing
- Form 13F
- Suitability and appropriateness
All 12 Filings & regulation terms · The full glossary, 433 terms
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