KYC
KYC
Know Your Customer
Customer Due Diligence
Identity Verification
CDD
Definition
The mandatory identity verification process that iGaming operators must perform on players to comply with anti-money laundering regulations and licensing requirements.
Usage Example
"All players must complete KYC verification before their first withdrawal."
Common Misconception
KYC is not just about ID checks — it includes ongoing monitoring, source of funds checks, and enhanced due diligence for high-risk players.
Relevant Departments
Compliance & Legal
Operations & CS
Risk & Fraud
Relevant Roles
KYC Analyst
Compliance Officer
Operations Manager
Related Terms
AML
source-of-funds
pep
