Know Your Customer

“Know Your Customer” (KYC), a customer identification program mandated by legal regulations globally, must be implemented by financial institutions and other regulated companies to verify relevant information about a client. One aspect of KYC is verifying that the customer is not in a database containing a list of names of terrorists, money launderers and fraudsters. Another facet is to monitor transactions of a customer against their recorded profile, history on the customer’s account(s) and with peers.

RSD Folders, designed to keep a complete record of a customer over potentially decades-long time periods, provides KYC initiatives with proven and robust document storage and retrieval services to record, for eventual legal enquiries, the company verification procedure and any unusual customer activity.