KY3P

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 'KYC' (Know Your Customer), KY3P being a broader concept.

See also

• Money laundering
• Know-your-customer
• PEP

Other resources

Squeaky Clean, The Treasurer, 2015