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2 0 1 2 P r i n c i pa l P o l i c y S n a PS hot: NEW JERSEY n an m e o f s that e k e y u p d at e s New Jersey is in the process of revising the administrative code on the preparation and licensing
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key u stands for Know Your Customer Utility which is a form used to collect information about customers for anti-money laundering purposes.
Financial institutions, such as banks, are required to file key u.
key u can be filled out online or in person by providing information such as name, address, and identification documents.
The purpose of key u is to verify the identity of customers and prevent money laundering and terrorist financing.
Information such as name, address, date of birth, and identification number must be reported on key u.
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