What is KYC?
KYC represents the acronym for the English phrase "know your customer," which translates to "poznaj svojho klienta" in Slovak.
KYC
What is AML?
AML stands for anti-money laundering. In practice, it is most commonly understood as a set of rules aimed at preventing money laundering (of illicit funds).
Record fine for violation of AML rules
The Financial Intelligence Unit has imposed a record fine for violating AML regulations. The fine amounts to EUR 1 500 000.