Known Use of Proceeds
From Open Risk Manual
Revision as of 15:32, 22 March 2021 by Wiki admin (talk | contribs) (Created page with "== Definition == '''Known Use of Proceeds''' relates to investments and loans for specific (corporate or consumer) purposes (i.e., the financial institution knows for what act...")
Definition
Known Use of Proceeds relates to investments and loans for specific (corporate or consumer) purposes (i.e., the financial institution knows for what activity the money is used).
