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KYC

Fitness and Probity Lists

Fitness and probity lists contain individuals and legal entities who have been involved with any problematic activity - for example breaching regulations or a code of conduct. While the problematic activity may not necessarily be considered as an offense, nonetheless it should raise questions and concerns for an organization before getting into a business relationship together with the counterparty.

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Explore other KYC terminology in Avallone's KYC dictionary.