KYC stands for "Know Your Customer". It is a process that businesses and financial institutions use to verify the identity of their clients or customers. KYC procedures are intended to prevent fraud, money laundering, terrorist financing, and other illegal activities.

The KYC process involves collecting personal information and identification documents from customers, and verifying that the information provided is accurate and authentic. This may include verifying the customer's name, address, date of birth, and other relevant information.