Fraud glossary · Financial services
Know Your Customer (KYC)
Identity checks used by financial and other regulated service providers.
Published 24 September 2026 · Prepared by Fraud Response Network
Meaning
KYC refers to processes providers use to establish customer identity and assess relevant risks. Requirements vary by service and jurisdiction.
Limits
A document or screenshot claiming that KYC was completed does not prove a platform is legitimate or a balance is real.
This definition is general information. Specific legal and technical meanings can vary by context and jurisdiction.