Glossary

KYC / AML

In one sentence

Know-your-customer and anti-money-laundering procedures verifying identities and screening for illicit activity.

The longer version

KYC and AML rules require lenders to identify their customers, understand ownership, and screen for money laundering risk. Documentation of these checks is part of the loan file and a compliance expectation.

For entity borrowers, KYC extends to beneficial ownership, connecting to the certifications the file must retain.

Keep reading
Ready when you are

See your deals in real time.

Send us one live deal. We will build the room on your own checklist.