What is Know Your Customer (KYC) and how does it affect your business?
Know Your Customer (KYC) describes a set of measures implemented by businesses that are designed to identify customers and report criminals.
The precious metals market has a history stretching back thousands of years. More recently, innovative businesses have been finding ways to use modern technology to optimize and improve this age-old asset class. In this article, we take a look at how some innovative projects and companies are using blockchain technology to back ownership of precious metals – and how Automated KYC is being used to make the sector more secure against fraud and threat of money laundering.