What is KYC/AML?

KYC (Know Your Customer) and AML (Anti-Money Laundering) are regulatory standards that help prevent financial crimes and ensure that investments are made safely and transparently. KYC focuses on verifying an investor’s identity, while AML covers the broader policies and monitoring practices used to detect and prevent illegal financial activity. Lightstone DIRECT complies with these federal requirements through a secure partnership with Plaid, a trusted intermediary used by over 12,000 financial institutions.