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Know Your Customer

What is Know Your Customer?

Regulatory requirements for financial institutions to verify the identity of clients and assess their risk profile before establishing a business relationship.

Compliance and Regulatory

Frameworks that govern know your customer

ISO 27001:2022View framework →NIST SP 800-53 Rev 5View framework →PCI DSS v4.0View framework →

What the standards actually require on know your customer

Requirements naming know your customer across 3 standards, quoted from the control text.

India CERT-In Cyber Security Directions 20221 control

Directions 11-13 impose specific obligations on Virtual Asset (cryptocurrency) ecosystem + digital payment systems given the elevated cyber risk + financial crime risk.

CERTIN-VASP-VirtualAsset-CryptoExchange-KYC-FinancialTransactionRecords-DigitalPayment-Dir11to13 · CERT-In Directions 11-13 Virtual Asset Service Provider Requirements - KYC for Virtual Asset Exchanges/Custodian Wallets + Financial Transaction Records + Digital Payment System Incident Reporting →
Liechtenstein DPA1 control

Liechtenstein DSG Articles 9 + 23-24 Special Categories of Personal Data (transposing GDPR Article 9). Special Categories: racial or ethnic origin + political opinions + religious or philosophical beliefs + trade union membership + genetic data + biometric dat...

LIDPA-Special-Categories-Sensitive-Data-Children-Article-9-GDPR-Article-9-Health-Financial-Sector · Liechtenstein DPA Special Categories + Sensitive Data + Children + Article 9 →
US ITAR and EAR - Export Control and Data Security1 control

Establish know your customer procedures and resolve red flags before proceeding with transactions. Special diligence applies to military, military intelligence, and security end users in countries identified in 15 CFR 744, and to chemical, biological, nuclear,...

ITAR-EAR-EndUse · End Use and End User Diligence →

Questions people ask about know your customer

What is Know Your Customer?
Regulatory requirements for financial institutions to verify the identity of clients and assess their risk profile before establishing a business relationship.
Why is Know Your Customer important for compliance?
Know Your Customer is a key concept in Compliance and Regulatory. Understanding know your customer helps organizations meet regulatory requirements, reduce risk, and demonstrate due diligence during audits. Our compliance platform maps 686 frameworks with 311K cross-framework control mappings.
Which compliance frameworks address Know Your Customer?
Know Your Customer appears in the requirement text of India CERT-In Cyber Security Directions 2022, Liechtenstein DPA, US ITAR and EAR - Export Control and Data Security. Across these standards we have identified 3 controls that name it directly, each linked to the control text on the compliance platform.
Where can I learn more about Know Your Customer?
Explore our compliance framework pages to see how know your customer applies across different standards and regulations. Our implementation guides provide step-by-step guidance, and the compliance platform offers AI-powered analysis of how this concept maps across 686 frameworks.

See how Know Your Customer applies across compliance frameworks

Our platform maps 686 frameworks with 311K cross-framework control mappings. Explore how this concept is addressed across standards.

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Written and maintained by Gerard Blokdyk, The Art of Service.