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Know Your Client (KYC) is a screening procedure before conducting financial planning and professional financial planners are required to comply with the following standards: a)

Know Your Client (KYC) is a screening procedure before conducting financial planning and professional financial planners are required to comply with the following standards:

a) Clarity b)Adequacy c) Factualness Based on the three standards, critically evaluate the impact of the abovementioned disclosures in financial planning to fulfil the needs of clients.(25 Marks)

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