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  2. Know your customer - Wikipedia

    en.wikipedia.org/wiki/Know_your_customer

    Know your customer (KYC) guidelines and regulations in financial services require professionals to verify the identity, suitability, and risks involved with maintaining a business relationship with a customer. The procedures fit within the broader scope of anti-money laundering (AML) and counter terrorism financing (CTF) regulations.

  3. Customer Identification Program - Wikipedia

    en.wikipedia.org/wiki/Customer_Identification...

    In July 2016, FinCEN enacted new rules regarding beneficial ownership: [2] Financial institutions must collect from the legal entity customer the name, date of birth, address, and social security number or other government identification number (passport number or other similar information in the case of foreign persons) for individuals who own ...

  4. Identity verification service - Wikipedia

    en.wikipedia.org/wiki/Identity_verification_service

    Identity verification services were developed to help companies comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) rules, identity verification is now a vital component to the transaction ecosystems of eCommerce companies, financial institutions, online gaming, and even social media. Through adopting digital fraud prevention ...

  5. Anti–money laundering - Wikipedia

    en.wikipedia.org/wiki/Anti–money_laundering

    The BSA requires financial institutions to engage in customer due diligence, or KYC, which is sometimes known in parlance as know your customer. It includes obtaining satisfactory identification to assure that the account is in the customer's actual name and understanding the expected nature and source of the money that flows through the ...

  6. Here’s why and what you need to know before you file your 2024 taxes next year. ... And the IRS notes in its 1099-K guide that some companies may choose to send a 1099-K to users with business ...

  7. The IRS Just Updated the Required Minimum Distribution ... - AOL

    www.aol.com/irs-just-updated-required-minimum...

    Data source: IRS. Keep in mind you can delay your first required minimum distribution until April 1 of the following year. That said, your next distribution must come out by Dec. 31 of that year ...

  8. Registered investment adviser - Wikipedia

    en.wikipedia.org/wiki/Registered_investment_adviser

    In 2012, suitability and "know your customer" (KYC) rules will expand with FINRA rule 2111. This rule will effectively expand liability for recommendations of strategy. Over the years, investment advisors have been taught to know the customer's suitability, objectives, time horizon and risk tolerance, and to limit speculative or aggressive ...

  9. How to get your refund early without paying fees - AOL

    www.aol.com/finance/cash-strapped-americans-paid...

    Here’s what you need to know. ... check can also expedite your refund. Know the rules: By law, the IRS is required to withhold refunds ... refund from the IRS and your income situation hasn’t ...