# What is the KYC verification rule?

**URL:** <https://www.amlfaqs.com/t/what-is-the-kyc-verification-rule/83>\
**Category:** UAE\
**Tags:** compliance, kyc, aml\
**Created:** [September 15, 2024, 1:35pm UTC](https://www.amlfaqs.com/t/what-is-the-kyc-verification-rule/83 "2024-09-15T13:35:26Z")\
**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, 1:35pm UTC](https://www.amlfaqs.com/t/what-is-the-kyc-verification-rule/83/1 "2024-09-15T13:35:26Z")

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What is the KYC verification rule?

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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, 1:36pm UTC](https://www.amlfaqs.com/t/what-is-the-kyc-verification-rule/83/2 "2024-09-15T13:36:40Z")

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KYC verification is a requirement under the AML/CFT regulatory regime of many jurisdictions.

It is used to confirm the identity of customers by collecting and verifying personal information.

The goal is to counter money laundering, terrorist financing and other financial crimes.

This process helps institutions assess the risk associated with each customer and adopt risk management measures accordingly.

Learn more about the KYC requirements here:

> **[What is Know Your Customer (KYC)? - AML UAE](https://amluae.com/what-is-know-your-customer-kyc/)**
>
> KYC is an abbreviated form of know your customer. Know your customer is a systematic process carried out to verify the identity of the customers.