What are the 5 stages of KYC?

The 5 stages of KYC typically include: 1. Customer Identification, where personal details like name and address are collected. 2. Customer Due Diligence, assessing the customer's risk profile. 3. Enhanced Due Diligence for higher-risk customers, involving deeper scrutiny. 4. Simplified Due Diligence for low-risk customers. 5. Ongoing Monitoring and Reporting to detect any suspicious activities.