For regulated businesses, there is a requirement called Know Your Customer (KYC) and it is a subset of Anti-Money Laundering (AML). Read this guide to learn how you can develop a Trust Framework that answers the four most important questions to establish a trusted relationship with your customers:
- Is this a real person?
- Is this person who they claim to be?
- Can I do business with this person?
- Should I do business with this person?