'Know Your Customer' and account verification

Know Your Customer is a policy that many banks, financial institutions, and other regulated companies use to verify the client's identity to be able to do business with him or her. One of the main goals of this policy is to decrease the client's risks.

Usually, this procedure consists of providing personal data, such as:

  • Full name
  • Day of birth
  • Address
  • Nationality
  • ID or passport scan.

These documents may be required as part of the account verification process. The aim is mainly to protect the Client's funds. It is essential to be aware that this kind of requirement is not a separate notion, but a regimented account verification procedure that many international companies, who are doing business via the internet, are practicing. Please be understanding of it. We are hoping to have a long-term collaboration based on documented proof of the trading, adding and withdrawing funds operations.

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