<Li> South Africa: The Financial Intelligence Centre Act 38 of 2001 (FICA) </Li> <Li> United Kingdom: The Money Laundering Regulations 2007 are the underlying rules that govern KYC in the UK . Many UK businesses use the guidance provided by the European Joint Money Laundering Steering Group as a guide to compliance . </Li> <Li> United States: Pursuant to the USA Patriot Act of 2001, the Secretary of the Treasury was required to finalize regulations before October 26, 2002 making KYC mandatory for all US banks . The related processes are required to conform to a customer identification program (CIP) </Li> <Li> Luxembourg: KYC is governed in the Anti-Money Laundering (AML) laws and regulations, which became effective in 1993 and were amended for the last time in 2015 . </Li>

Know your customer (kyc) guidelines are as per the provisions of