KYC/AML is literally only law in the US and US licensed banking infrastructure. They are the US terms.
Other countries have their own terms for what they’re doing, and they aren’t the same terms.
The confusing part is that due to the US dollars reach, a LOT of foreign banks are US ‘licensed’ in order to interact with the US banking infrastructure, so there is some degree of it they need to apply in some cases. But it’s still US law only, and they don’t apply it in general.
Other countries have their own terms for what they’re doing, and they aren’t the same terms.
The confusing part is that due to the US dollars reach, a LOT of foreign banks are US ‘licensed’ in order to interact with the US banking infrastructure, so there is some degree of it they need to apply in some cases. But it’s still US law only, and they don’t apply it in general.