What happens if we don't update KYC?

If we don't update our Know Your Customer (KYC) information, what consequences could we potentially face? Could it lead to the suspension of our account or trading privileges? Could we be subject to increased scrutiny or fines from regulatory bodies? It's important to stay compliant with KYC requirements to ensure the security and integrity of our transactions, so what steps should we take to ensure our information is up-to-date and accurate?