KYC (Know your client) has always been a very important part in the financial industry for establishing customer relationships, financial transactions, financial supervision, and is a generally a precedent for opening and closing accounts. For a long time, the strict implementation of KYC rules in the financial industry played a major role in international money laundering (AML) and anti-terrorist finance (ATF). The short account code not only brings superior convenience to the user but also plays a role in improving KYC: The shortened account string makes it easier for people, (as opposed to machines/code), to recognize a person/account by their Short Account number, thus improving KYC processes.