KYC is short for “Know Your Customer”, a process of review which financial service companies are legally required to do on their prospective clients to understand their identity and business.  The aim of this requirement is to reduce the risk of doing business with criminals and to cut the incidence of fraud, money laundering and financing of terrorism.  Based on the information obtained, our compliance department decides whether it is ok to trade with a client.  We also have to review the trading activities and circumstances of our clients periodically.