Know Your Customer or KYC is an important rule set by every financial institution to know the identity of their customers, where this program is based on Law Number Fifteen Year Two Thousand Two on the Crime of Money Laundering.

One of the steps that can be taken to avoid Anti Money Laundering is by conducting a KYC process! This is because the main principle of KYC is to ensure service providers avoid using other parties for money laundering.

The KYC process involves requesting certain information from customers or clients. These efforts are made to ensure that companies and service providers avoid parties related to crime or terrorism.