KYC Dictionary

Feeling KYConfused?

When it comes to KYC, there are so many acronyms and words that it can be tricky to “know your KYC terminology”. Avallone’s here to help with easy-to-understand and thorough KYC definitions.
Overview

KYC

Whether KYC stands for "Know Your Customer", "Know Your Counterparty", "Know Your Client" or something else... Avallone has the definition for KYC and more. Learn all the terminology in this wide-reaching area of compliance.
Jump to KYC Terms

ESG

As ESG covers three key areas: environmental sustainability, social responsibility, and corporate governance, there are many nuances and related terminology in this growing area of compliance.
Jump to ESG Terms
KYC Terms
6AMLD: The 6th Anti-Money Laundering Directive
AMLDs: European Union Anti-Money Laundering Directives
Adverse Media
Adverse Media Screening
Anti-Money Laundering (AML)
Automated Screening Tool
Autonomous Sanctions
Bank Secrecy Act (BSA)
Common Reporting Standard (CRS)
Compliance
Conflict of Interest
Corporate Structure
Counter Terrorist Financing (CTF)
Counterparty
Customer Due Diligence (CDD)
Due Diligence (DD)
Egmont Group
Enhanced Due Diligence (EDD)
Financial Action Task Force (FATF)
Financial Crime
Financial Crimes Enforcement Network (FinCEN)
Financial Intelligence Unit (FIU)
Fitness and Probity Lists
Follow the Money
Fraud
High Risk Jurisdictions
Identification
Jurisdiction
KYC Form
KYC Questionnaire
Know Your Business (KYB)
Know Your Customer (KYC)
Know Your Customer’s Customer (KYCC)
Know Your Supplier (KYS)
Legal Entity
Modern Slavery
Money Laundering
Monitoring
Multilateral Sanctions
Office of Foreign Assets Control (OFAC)
Ownership Structure
Ownership and Control Structure
Passthrough Sanctions
Politically Exposed Person (PEP)
Politically Exposed Person Check
Politically Exposed Person Screening
Red Flag
Regulatory Authority
Regulatory Framework
Risk Assessment
Risk Mitigation
Risk Profile
Sanctions
Sanctions List
Sanctions Screening
Screening
Self-Governed Institution
Source of Funds
Source of Wealth
Tax Evasion
Tax Identification Number (TIN)
Terrorist Financing
Third Party
Ultimate Beneficial Owner (UBO)
Unilateral Sanctions
Verification
Watchlist

ESG Terms
Corporate Social Responsibility (CSR)
ESG Reporting
Environmental, Social, and Governance (ESG)
Governance
Sustainability
Relevant products

Avallone products and services that can help you

KYC Hub
Immediate, secure and easy management of all your KYC efforts including built-in organization.
KYC Collector
Collect KYC - including information and documentation - from anyone outside of your organization.
KYC Responder
Quickly and easily respond to KYC questionnaires coming in from your counterparties - such as banks, law firms, auditors and more.