KYC PROCESS
Verification
You must verify your phone number through an SMS 2FA (Two-Factor Authentication) code in order to proceed with your KYC.
Documents
You will be prompted to take a selfie and upload/take a picture of an official document.
ARIF Form
You will need to fill out the ARIF Form, providing basic information such as your city, address, and more.
Done
It's completed! You will receive a confirmation via email. Our Compliance Team will now review your data.
What does KYC mean?
KYC or, by its acronym, Know Your Customer is the practice carried out by companies to verify the identity of their clients in compliance with legal requirements and current laws and regulations.
The widespread adoption of new technologies and the internet necessitates the establishment of standards to combat online fraud. KYC procedures are a response to both a legal and global imperative for financial institutions and companies.
How does KYC process work?
KYC is the process of identification and verification of the identity of a client in which a series of controls are applied to avoid having commercial relations with people related to terrorism, corruption or money laundering, among others.
The KYC process consists in verifying that the client is actually who he says he is and giving him access to the services or products he needs. This verification is carried out through different methods.
Why PEP checking?
Payment service providers are also required to check lists of politically exposed persons or sanctions lists. The Swiss and European regulations are currently in the process of evolving with regard to the fight against money laundering and terrorist financing. What the European authorities are looking for in the implementation of such legislation for regulated payment service providers is increased vigilance of financial flows and better customer identification.
Member of ARIF
ARIF is a self-regulating body approved by the Swiss Financial Market Supervisory Authority (FINMA) for the supervision of the financial intermediaries referred to in article 2 para. 3 of the Swiss Federal Law on combating money laundering and terrorism financing (AMLA). ARIF is also recognized by FINMA as a professional organization for laying down rules of conduct relating to the practice of the profession of independent asset manager within the meaning of the Swiss Federal Act on collective investment schemes (CISA).
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