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MINUTESCANFIELD CITY COUNCILREGULAR MEETINGJUNE 6, 2012 6:00 P.M.The meeting was called to order by Daniel Frazzini, President of Council, followed by the Pledge of Allegiance. The Clerk called the
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Kay MR stands for Know Your Customer/Merchant. It is a process used by financial institutions to verify the identity of their customers/merchants in order to prevent fraud and illegal activities.
Financial institutions such as banks, credit unions, and other regulated entities are required to file kay mr.
Kay mr forms can be filled out electronically or manually, depending on the requirements of the financial institution. The form typically requires personal information such as name, address, date of birth, and identification documents.
The purpose of kay mr is to prevent money laundering, terrorist financing, and other illegal activities by verifying the identity of customers/merchants and assessing the risk associated with them.
Kay mr forms typically require information such as name, address, date of birth, identification documents, source of funds, and purpose of the transaction.
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