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06.07.2022 - 09:17

What is UBS account and its full form in KYC or banking terms?

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What is UBS account and its full form in KYC or banking terms?

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Alejandra April 10, 2023 в 01:55

UBS stands for Union Bank of Switzerland, which is a multinational investment bank and financial services company based in Switzerland. In the KYC (Know Your Customer) and banking terms, UBS account refers to the bank account opened and maintained with Union Bank of Switzerland. It may be used for various financial transactions such as funds transfer, deposits, withdrawals, and investments. As a part of KYC compliance, banks require their customers to undergo a verification process to confirm their identity, address, and other personal details before opening an account.

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