Information for Medi-Share Members about the "Know Your Customer" Initiative
Update as of April 10, 2024. We will provide updates on this page as more information becomes available.
What is "Know Your Customer"?
Starting in April of 2024, Christian Care Ministry began a “Know your customer” or “KYC” review of member records. This is a due diligence process that is being conducted to verify member identity and access, and to monitor risk. Essentially, KYC ensures a member is who they say they are.
Compliance with KYC regulations helps prevent all kinds of fraud schemes and helps financial institutions comply with Anti-Money Laundering laws by putting in checks and balances to ensure clients/customers are not engaging in criminal activities while using their services.