Know Your Customer Standards and Privacy Recommendations for Cash Transfers

Categories : Customer and Users of Digital Payments, Humanitarian and digital social payments


Author: The UN Refugee Agency (UNHCR)

This report from UNHCR and World Vision reviews how Know Your Customer (KYC) standards – rules designed to combat criminal money laundering and terrorism financing – are applied in humanitarian cash programs. The report examines the practices of aid agencies and their processing of the personal information of aid beneficiaries for KYC purposes, and the report assesses the privacy implications of the processing of such information. The report provides a number of recommendations and guidelines in relation to the application of KYC rules and data privacy measures in humanitarian cash programs.