A KYC form, or a know your client form, is a document used by financial institutions to verify their clients’ identities and addresses. This is typically done when a customer opens an account to help prevent financial crime and money laundering. If the customer fails to meet minimum KYC standards, banks may refuse to extend their services. Banks are required to comply with KYC and anti-money laundering (AML) regulations to prevent illegal corruption schemes. This is why KYC compliance is such an important part of the customer onboarding process.

What information is required in a KYC form?

While the KYC process will frequently involve steps like document verification, ID card verification, and even facial recognition, the KYC form itself asks for basic identifying information. This includes name, permanent address, date of birth, email, etc. The KYC form will also typically ask for documents that can prove this information, as well as the customer’s signature.

What is the difference between a KYC form and an AML form?

A KYC form, which is used to prove a banking customer’s identity, is a part of larger anti-money laundering (AML) efforts. The KYC form is the first line of defense against deposits of illicit funds, transactions that conceal the illicit origin of funds, and the use of laundered funds to purchase assets, like commercial investments or real estate. AML screening is the overarching process designed to detect and combat these illegal transactions — chiefly, money laundering. While the AML framework may include transaction and data monitoring, it usually starts with potentially exposed person (PEP) checks, crime and watchlist screening, and sanctions checks. Organizations that do not follow AML regulations not only make themselves more likely to be targeted by money launderers, but they open themselves up to legal trouble.

KYC Form Template

KYC Form

About this template

A know your client (KYC) form is used by banks and other financial institutions to collect information about the identities and addresses of their clients. With this online KYC Form template, your organization can seamlessly collect this information, as well as signed declarations, online. Just customize the form template to match your needs and collect the right info, share it with clients online or have customers fill it out in person, and view submissions in your secure Jotform account, protected with GDPR compliance, CCPA compliance, and a 256-bit SSL connection.

Customize this KYC Form template by adding questions, including your company’s logo, or matching it to your brand with custom fonts and colors — it just takes a few minutes to personalize it with our drag-and-drop Form Builder. To automatically send form submissions to other apps, like Google Drive, Dropbox, or Box, sync submissions to those accounts automatically with our 100+ free form integrations. No matter what sort of financial institution you’re a part of, you can use this free KYC Form to easily receive client information and signed declarations online.

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