What is Corporate KYC?

Question

Accepted Answer

Corporate KYC refers to the process of verifying the identity of a company and its beneficial owners.

It involves collecting and verifying information about the company's legal structure, ownership, and management.
Corporate KYC is important for preventing money laundering, terrorist financing, and other financial crimes.
Examples of documents required for corporate KYC include company registration certificates, shareholder agreements, and board resolutions.
The process may also involve conducting background checks on the company's directors and senior management.
Corporate KYC is typically required by banks and other financial institutions before they establish a business relationship with a company.

Top JPMorgan Chase & Co. KYC Specialist interview questions & answers