# What is the KYC step by step procedure?

**URL:** <https://www.amlfaqs.com/t/what-is-the-kyc-step-by-step-procedure/82>\
**Category:** UAE\
**Tags:** compliance, kyc, aml\
**Created:** [September 15, 2024, 1:30pm UTC](https://www.amlfaqs.com/t/what-is-the-kyc-step-by-step-procedure/82 "2024-09-15T13:30:17Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![pathik](https://yyz2.discourse-cdn.com/flex010/user_avatar/www.amlfaqs.com/pathik/32/5_2.png) [@pathik](https://www.amlfaqs.com/u/pathik)\
**Post date:** [September 15, 2024, 1:30pm UTC](https://www.amlfaqs.com/t/what-is-the-kyc-step-by-step-procedure/82/1 "2024-09-15T13:30:18Z")

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What is the KYC step by step procedure?

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<div class="post-metadata">

**Author:** ![pathik](https://yyz2.discourse-cdn.com/flex010/user_avatar/www.amlfaqs.com/pathik/32/5_2.png) [@pathik](https://www.amlfaqs.com/u/pathik)\
**Post date:** [September 15, 2024, 1:34pm UTC](https://www.amlfaqs.com/t/what-is-the-kyc-step-by-step-procedure/82/2 "2024-09-15T13:34:44Z")

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Know Your Customer (KYC) is a systematic process that enterprises carry out to verify the identity of their customers.

It is done as part of the Customer Due Diligence process to manage the risks associated with money laundering and other financial crimes.

The steps involved in the KYC procedure include the following:  
• Adopting internal KYC policy and procedures  
• Collecting customer identification information and verifying the documents procured. This can be done through Electronic Identity Verification (eIDV) technology to verify the identity of customers digitally.

Here is the article providing an understanding around the KYC procedure:

> **[Best practices for KYC compliance - AML UAE #1](https://amluae.com/best-practices-for-kyc-compliance/)**
>
> In this article, let's look at the best practices for KYC compliance to ensure a sound AML customer due diligence process for the DNFBPs