Client Identification
/ˈklaɪənt aɪˌdɛntɪfɪˈkeɪʃən/
Definitions
- (n.) The process by which a legal or financial professional verifies the identity of a client to comply with legal and regulatory obligations, such as anti-money laundering laws.
The law firm implemented strict client identification procedures to prevent fraud.
Forms
- client identification
Related terms
See also
Commentary
Client identification is a foundational step in client due diligence, crucial to regulatory compliance and risk management in legal and financial sectors.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.