What is compliance?
Last Update 7 months ago
Under Anti Money Laundering regulations (AML) and Know Your Customer requirements (KYC) we are obliged to ask all our customers that wish to use our services to undergo a Compliance process, known as ID Verification.
This process ensures that the person undergoing verification is real and proves that the one is who she or he claims to be. As well as preventing fraudulent activities and creating false identities.
The process is done online via Credas app and it takes 5min to complete. The customer needs to provide liveness verification, photo ID, and Proof of Residential Address.
Find out what documents are needed to complete Id verification by checking our next article "How to complete compliance checks?".