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Provided by Courtier R U B Y J. K R A JIC K C LER K O F C O U R WWW.CourtAlert.com UNITED STATES DISTRICT COURT W. N IS D. U S C O U R T S. G O SO U TH ER N D IST RIC T O F N EW YO R K 500 PEAR L
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KRAJIC stands for Know Your Client and Keep it Current. It is a form used to collect information about clients in order to comply with regulations.
Financial institutions such as banks, insurance companies, and investment firms are required to file KRAJIC for their clients.
KRAJIC forms can be filled out online or in person at the financial institution. Clients need to provide personal information such as name, address, and identification documents.
The purpose of KRAJIC is to verify the identity of clients, assess their risk level, and comply with anti-money laundering regulations.
Information such as client's name, address, identification number, occupation, and source of funds must be reported on KRAJIC.
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