KY glossary terms

Browse full definitions for every KY term in the Amicus glossary.

Kyc

/ˌkeɪ waɪ ˈsiː/

Definitions

  1. (n.) Process used by financial institutions and regulated entities to verify the identity, suitability, and risks involved with maintaining a business relationship.
    The bank requires rigorous KYC checks before opening an account.

Forms

  • kyc

Related terms

See also

Commentary

KYC is critical in regulatory compliance to prevent fraud, money laundering, and financing of terrorism; typically formalized through documented procedures.

Kyoto Protocol

/ˈkiːoʊtoʊ ˈproʊtəkɒl/

Definitions

  1. (n.) An international treaty adopted in 1997 to reduce greenhouse gas emissions, legally binding developed countries to emission reduction targets.
    The Kyoto Protocol established legally binding obligations for industrialized countries to reduce greenhouse gas emissions.

Forms

  • kyoto protocol
  • kyoto protocols

Related terms

See also

Commentary

The Kyoto Protocol is a foundational treaty in international environmental law focused on climate change mitigation.

Glossary – KY Terms