6 lines
343 B
Markdown
6 lines
343 B
Markdown
# Bank
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A bank is a financial institution which is chartered and regulated to hold customer [deposit](deposit.md).
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A bank has [deposit insurance](deposit-insurance.md) backed by a [central bank](central-banks.md).
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Banks are required to perform [KYC](kyc.md), [CTF](ctf.md), [AML](aml.md) checks on financial transactions and account holders. |