Personal KYC Information
Why We Collect KYC Information
Know Your Customer (KYC) information is the foundation of cross-border payments compliance. Before we work with you, we need to verify your identity, understand your business, and confirm that you're not on any sanctions lists or subject to regulatory restrictions.
This isn't bureaucratic friction—it's a regulatory requirement that protects both of us.
What We Verify
- Identity verification: Government-issued ID (passport, driver's license, national ID) to confirm you are who you say you are.
- Impersonation prevention: We verify that the person representing the business is actually authorized to do so and is not an impostor.
- Sanctions screening: We check your name and company against OFAC and UN sanctions lists, as well as other regulatory databases.
- PEP (Politically Exposed Person) checks: We screen for individuals with government or public roles that might create regulatory risk.
- Source of wealth verification: For larger transactions or sensitive industries, we verify that your income and business are legitimate.
Selfie with ID Verification
As part of our identity verification process, we request a selfie with your government-issued ID. This confirms that the person submitting the application is the actual ID holder and not someone using a stolen or fraudulently obtained ID. We don't store these for marketing purposes—they're strictly for KYC compliance and are deleted after verification.
What Happens with Your Information
Your KYC data is stored securely and accessed only by authorized compliance personnel. We don't share it with third parties except as required by law (regulatory requests, law enforcement) or as necessary to complete your transactions (e.g., your correspondent bank may require copies of your KYC for their own compliance).
Withholding Information Is Not an Option
If you're reluctant to provide KYC information or we discover that you've withheld or misrepresented details, we cannot move forward with your engagement. This isn't personal—it's regulatory risk management. Incomplete or dishonest KYC is a red flag that prevents us from establishing a safe, compliant relationship.
Be thorough and honest in your initial submission. If something in your history is complex (prior business failures, international dealings, family connections to other jurisdictions), disclose it upfront so we can assess it properly. Transparency now prevents problems later.
KYC Updates
If your personal circumstances change significantly—name change, relocation, new business ventures—let us know. We may need to update your KYC profile to maintain compliance.