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Identity & Onboarding

Know Your Customer (KYC)

Know Your Customer (KYC) is the regulatory process by which a regulated business verifies the identity of its customers, assesses their risk, and monitors the relationship over time to prevent fraud, money laundering, and terrorist financing.
See KYC Verification Back to Glossary

KYC is the foundation of every Anti-Money Laundering programme. At onboarding, it confirms a customer is who they claim to be using identity-document verification, biometric matching, and data checks. Throughout the relationship, ongoing KYC keeps that picture current through periodic refresh and re-screening.

Modern KYC is fully digital (eKYC): document capture, liveness detection, and database verification complete in seconds rather than days, while still producing the audit evidence regulators expect. KYC for individuals is complemented by KYB (Know Your Business) for corporate customers.

Key points

  • Combines identity verification, risk assessment, and ongoing monitoring
  • Mandated by AML laws across virtually every jurisdiction
  • Performed at onboarding and refreshed on a risk-based schedule
  • The control on which AML, screening, and monitoring all depend

How One Constellation helps

Automated document, biometric, and data verification across 190+ countries — onboard customers in under a minute while staying audit-ready.

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Frequently asked

What is the difference between KYC and AML?+
KYC is a component of AML. AML is the broader framework of laws and controls to prevent financial crime; KYC is the identity-verification and customer-risk part of that framework, performed at onboarding and refreshed periodically.

Compliance, Intelligently Automated

From KYC and KYB to sanctions screening and transaction monitoring — One Constellation unifies your entire compliance lifecycle in one platform.

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