KY3P: Difference between revisions
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imported>Doug Williamson (Make link with KYC explicit.) |
imported>Doug Williamson (Identify KYC as a principle.) |
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'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 KY3P derives from the principle of 'KYC' (Know Your Customer), KY3P being a broader concept than KYC. | ||
Revision as of 09:39, 11 December 2015
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 KY3P derives from the principle of 'KYC' (Know Your Customer), KY3P being a broader concept than KYC.
See also
