<h1>Know Your Customer principles strengthen bank risk controls and require enhanced monitoring, partner and employee due diligence.</h1> Prevention centers on the Three KY Principles: Know Your Customer - substantive profiling through document verification, transaction pattern analysis, data analytics and cross-channel profiling; Know Your Employee - background checks, rotations, internal audits and ongoing vigilance; and Know Your Partner - due diligence on vendors, agents and outsourcing partners. Banks must invest in real-time analytics and intelligence, segment customers by risk, identify Red Flagged Accounts using Early Warning Signals, commission forensic audits, and adopt board-level anti-fraud governance and whistleblower mechanisms to enable timely detection and coordinated response.