Yes, KYC information needs to be periodically updated to ensure the accuracy of all records. Financial institutions should continuously monitor customer accounts to identify any suspicious activities and maintain up-to-date and accurate customer information.
For more information:
https://oxsecurities.com/account/client-verification-process/
https://oxsecurities.com/about-us/legal-documents/
https://oxsecurities.com/trading-accounts/account-types/
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