I'm not familiar with a "PI Network," but there are a few different things that this term could refer to. Could you provide more context or clarify what you are asking about?
KYC stands for "know your customer."
It is a process that financial institutions and other regulated companies go through to verify the identity of their clients and assess their potential risks for money laundering or financing terrorism.
The goal of KYC is to prevent criminal activities such as fraud, tax evasion, and financing terrorism by ensuring that financial institutions and other regulated companies know their customers and understand their financial transactions.
This process typically involves collecting and verifying customer information, such as name, address, date of birth, and other identifying documents.
KYC stands for "know your customer." It is a process that financial institutions and other regulated companies go through to verify the identity of their clients and assess their potential risks for money laundering or financing terrorism.
The goal of KYC is to prevent criminal activities such as fraud, tax evasion, and financing terrorism by ensuring that financial institutions and other regulated companies know their customers and understand their financial transactions.
This process typically involves collecting and verifying customer information, such as name, address, date of birth, and other identifying documents.