Real estate dictionary at Culmia Academy

At culmia we seek to facilitate decision making for people. As we know that buying a home is a complex process, we want to introduce you to Culmia Academy, a dictionary of terms related to the real estate sector that will help you to know concepts that you didn't know before.

Definitions with the letter K

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KYC

KYC (Know Your Customer) is a company’s process for ascertaining and checking the identity of its customers. The term is also used to refer to the banking and anti-money laundering regulations that govern these activities. “Know your customer” processes are also used by companies of all sizes to ensure that their proposed agents, consultants and distributors comply with the regulations to combat bribery. Banks, insurance companies and export creditors are increasingly requiring customers to provide detailed information on anti-corruption due diligence.