<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/R1wxP2NvGjKYJVwIFkJgFa">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/R9LVBKjvGRuzwgtlhuLST36"/>
  <rdfs:label>Know Your Customer Violation Claim</rdfs:label>
  <skos:altLabel>KYC Compliance Violation Claim</skos:altLabel>
  <rdfs:seeAlso rdf:resource="https://folio.openlegalstandard.org/R8afVWfZ0cr5TifIBZTdpL2"/>
  <skos:prefLabel>KYC Claim</skos:prefLabel>
  <skos:definition>A Know Your Customer (KYC) Violation Claim arises when a financial institution or business fails to comply with regulations requiring them to verify the identity of their clients and assess potential risks of illegal intentions for the business relationship. This claim involves allegations of inadequate customer due diligence, failure to maintain proper records, or lack of ongoing monitoring.</skos:definition>
</owl:Class>