KY3P: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Make link with KYC explicit.) |
imported>Doug Williamson m (Add category.) |
||
| (3 intermediate revisions by the same user not shown) | |||
| Line 3: | Line 3: | ||
'KY3P' refers to knowledge and understanding of third-party risk in relation to transactions, especially - but not only - financial transactions. | 'KY3P' refers to knowledge and understanding of third-party risk in relation to transactions, especially - but not only - financial transactions. | ||
The term KY3P derives from 'KYC' (Know Your Customer), KY3P being a broader concept than KYC. | The term derives from '''K'''now '''Y'''our '''3P''' (third party). | ||
The term KY3P derives from the principle of 'KYC' (Know Your Customer), KY3P being a broader concept than KYC. | |||
Third parties would include, for example, suppliers as well as customers. | |||
== See also == | == See also == | ||
* [[Know-your-customer]] | |||
* [[Money laundering]] | * [[Money laundering]] | ||
* [[PEP]] | * [[PEP]] | ||
* [[Third party]] | |||
| Line 15: | Line 21: | ||
[[Media:2015_03_Mar_-_Squeaky_clean.pdf| Squeaky Clean, The Treasurer, 2015]] | [[Media:2015_03_Mar_-_Squeaky_clean.pdf| Squeaky Clean, The Treasurer, 2015]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Compliance_and_audit]] | |||
[[Category:Identify_and_assess_risks]] | |||
Latest revision as of 13:20, 14 July 2021
Anti money laundering.
'KY3P' refers to knowledge and understanding of third-party risk in relation to transactions, especially - but not only - financial transactions.
The term derives from Know Your 3P (third party).
The term KY3P derives from the principle of 'KYC' (Know Your Customer), KY3P being a broader concept than KYC.
Third parties would include, for example, suppliers as well as customers.
See also
