Century Finance implements Know Your Customer (KYC)/Customer Due Diligence (CDD) measures to verify customer identities and understand customer activities. These procedures help us maintain secure and responsible financing services.
- Customers may be requested to provide:
- NRC/Passport
- Proof of identity
- Business registration documents
- Address information
- Supporting documents as required
The policy is in place to verify the identity of customers and assess their risk levels. It ensures that institutions understand their customers’ background, business activities, and source of funds. KYC helps prevent money laundering, fraud, and other financial crimes while ensuring compliance with regulations set by the Central Bank of Myanmar (CBM). The policy includes customer identification, risk classification, and ongoing monitoring.
