jewelry gift bags wholesale
2 thoughts on “jewelry gift bags wholesale When the company often hear that the overseas bank accounts need to do KYC and KYCC, they are confused. What exactly is KYC and KYCC opened by bank accounts?”
Leave a Comment
You must be logged in to post a comment.
rhinestone bridal jewelry wholesale KYC: Knowyour Customer, which means fully understand your customers. That is, when banking, trust, insurance and other financial institutions are reviewed to customers, they review the actual holders and actual income of the account to confirm whether the customer meets the supervision requirements of anti -money laundering methods and anti -terrorist financing.
KYCC: Know Your Customers’customer, fully understand your customers' customers. That is, to identify its customers and activities to determine its source of income and ensure that they do not participate in money laundering and terrorist financing crimes, thereby identify the customer in detail.
The relatively complete KYC mechanism is usually composed of the following parts:
la for customer identification: Customer Program (CIP), including collection, verification and record preservation of customer identity information, and verification based on the list of known terrorists. Customer;
② Customer due duty: Customer Diligence (CDD), to identify customers who are too high to screen and cannot carry out business with them;
③ Delivery survey: ENHANCED DILILILINCENCE (EDD) A more deeper due diligence to collect more information and understand the customer's activities in depth, thereby reducing the risk of financial crimes such as money laundering;
④ simplifying due diligence: Due Diligence (SDD) Simplify due diligence, such as small storeders.
custom jewelry wholesale manufacturer When the company handles overseas bank accounts, it is often heard that C is actually the abbreviation of trading currency.