KYC stands for Know Your Customer — a fundamental process used by financial institutions like US Capital Private Bank to verify the identity of clients, assess potential risks of illegal intentions, and ensure compliance with international regulations.
📘 What is KYC? (Know Your Customer)
KYC – US Capital Private Bank Compliance Knowledge Base
🔍 Definition
KYC (Know Your Customer) refers to the mandatory process by which US Capital Private Bank verifies the identity, background, and risk profile of every client before and during the course of a banking relationship.
It is designed to prevent:
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Money laundering
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Terrorist financing
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Fraudulent activity
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Identity theft
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Sanctions violations
🛡️ Why is KYC important at US Capital Private Bank?
KYC is not only a regulatory obligation — it’s a critical component of our institutional integrity. At US Capital, KYC procedures allow us to:
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Ensure we only serve legitimate, verified individuals or entities
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Comply with global banking standards (FATF, FATCA, CRS, GDPR, etc.)
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Protect both the client and the bank from reputational and financial risks
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Maintain correspondent banking privileges and regulatory approvals
📝 What does the KYC process involve?
KYC at US Capital Private Bank typically includes:
1. Identity Verification
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Government-issued passport or national ID
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Proof of address (utility bill, bank statement, lease)
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Selfie or video verification (in some cases)
2. Business or Entity Documentation (for corporate clients)
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Certificate of incorporation
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Company structure chart
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List of directors and shareholders
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Ultimate Beneficial Owner (UBO) declaration
3. Risk Profiling & Screening
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Politically Exposed Person (PEP) check
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Global sanctions and watchlist screening
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Jurisdictional risk analysis
⏱️ When is KYC required?
KYC is required at the following stages:
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During initial account opening
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When updating client information
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Before executing major financial transactions
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On a periodic basis as part of ongoing due diligence
⚠️ What happens if KYC is incomplete or fails?
If a client does not complete KYC:
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Their account will remain inactive or restricted
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Transactions may be delayed or blocked
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US Capital Private Bank may terminate the relationship and, if required, report the case to regulators
✅ How to submit your KYC to US Capital Private Bank
Please upload your KYC documents securely via the client dashboard at:
👉 https://uscapitalprivatebank.com
Once verified, your account manager will confirm the completion and next steps.