How to finish the KYC measure?

published on:2016-12-28 14:46:45Updated on:2016-12-28 14:40:21

  KYC means to know your customers, now referring to the measure of anti-money laundering. For unknown transactions, making KYC is quite essential or the legitimacy of the legal tender trades will not be insured, which will touch on legal dispute. Therefore, it is recommended to strictly implement the KYC Authentication.

 

  KYC Authentication is generally the seller requires the buyer to send a series of certification material before money transfer, including Personal ID Card (or passport, driving license, etc.), bank account statement, online banking screenshots or even bills of water and electricity payments and then have a video verification. During the video verification, buyers should also show the personal ID Card and above material directly and sellers will record the video and keep it. This is the whole procedure of the KYC Authentication.


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