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KYC regulations
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KYC (Know Your Client procedure) or D-D (Due Diligence - also known as Due Care) are the terms describing the process by which a client is assessed. Analysis takes place in advance of a client being accepted by Ancroft.
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KYC policies have become increasingly important globally <br>to prevent identity theft fraud, money laundering and terrorist financing.<br><br>
Due to these increased regulations for the prevention of international money laundering and terrorism, Ancroft implements strict risk-control procedures and carries out thorough due diligence of clients. <br><br>
These rules mean that clients must provide a proof of identity and proof of permanent residence, along with any additional information which may be required, which is <br>kept by Ancroft in the strictest confidence, and not released to any third party (except in the very unlikely event of a court order).
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