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Know Your Customer (KYC)

Know Your Customer (KYC)

Know Your Client (KYC) is a standard in the investment industry that makes sure advisors can confirm a client’s identity and know how much they know about investing and how much money they have. KYC has three parts: the customer identification program (CIP), which was required by the USA Patriot Act in 2001, customer due diligence (CDD), and ongoing monitoring of a customer’s account, also called enhanced due diligence (EDD).

The Know Your Client (KYC) rule is a code of ethics for people who work in the securities industry and deal with customers when opening accounts and keeping them up to date. It is used at the beginning of the relationship between the customer and the broker to find out the most important personal information about each customer before any financial advice is given. The customer is also told that they must follow all laws, rules, and regulations in the securities industry.

About Impact Capital Partners

At Impact Capital Partners, our mission is to connect institutional capital with the growing impact investment market to address the world’s most pressing challenges. By utilizing impact investments, institutional investors are able to generate positive, measurable social and environmental impact alongside a financial return. We are constantly finding new impact investment opportunities in both emerging and developed markets, targeting market-rate returns. Schedule a call with us HERE if you’re interested in learning more about our impact investing strategies.


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