KYC - Know Your CustomerKYC or Know Your Customer or Know Your Client is one of the components of the AML process and refers to understanding clients and figuring out potential risks associated with them. This includes, among other measures, verifying your identity.
KYC is a mandatory and crucial procedure for financial institutions as well as non-financial institutions.
AML or Anti-money Laundering are legal controls that require financial institutions and other regulated entities to prevent, detect, and reportFeatured
What Types of Documents are Acceptable?You will need to make a high-quality photo of your:
ID Card (2 sides) - any supported country
Passport (1 side) - any supported country
Driver licence (2 sides) - only for European Union (EU)
Permanent Residence permit (2 sides) - only for European Union (EU)
The document should clearly show:
Your Full Name
Date of Birth
Verification processing and rejectionThe KYC process is very simple, fully automated, and usually takes less than two minutes.
Once your account is verified, you will receive a confirmation email.
Possible rejection reasons
Faces Do Not Match Or Missing Selfie Photo
Please retry the identification process.
Part or all of the information is censored/cut out of the document
The document was not entirely submitted (missing pages, scan/picture not centered)
Is It Safe to Provide You with My Documents?Yes! Simple cooperates with a certified company, which helps us to comply with the KYC requirement for the verification process.
Our partner has:
Certified with ISO 27001 under certificate number ISO/IEC27001.1742 dated 01.09.2020
Data Protection Registration Number: ZA518341
Uses 256-bit SSL encryption 100% of the time on every device. Database is SSAE 16, ISO 27001, and PCI DSS v3.0 compliant and supports HIPAA compliance. – and this is proof that the technology that tFew readers