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Where can a QI operate as a QI?

April 26, 2017operate qi

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Where can a QI operate as a QI?

1 Answer

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ANSWER 1: A QI can operate as a QI in any jurisdiction whose know-your-customer (KYC) rules have been approved by the IRS. Because the IRS regards KYC rules as a vital component of the QI system, the IRS will not extend the QI system to any jurisdiction that does not have KYC rules or has unacceptable KYC rules. The IRS will not allow a QI to operate as a QI in a jurisdiction that does not have KYC rules or that has unacceptable KYC rules.