Know Your Customer (KYC), Know Your Customers’ Business (KYCB) and Know Your Customers’ Business Risk (KYCBR) is not only an integral part of elementary Risk Management Process but it also makes a good business sense. Regulatory intervention in this area is going to increase in future.
If used sensibly, it will lead us out of the crisis.”15 On the other side, those who criticize the types of macroeconomic models popular at central banks have argued that they mistook beauty for truth and were too complex and opaque to be used quickly.