Know Your Customer ( KYC) or Account verification, is the process by which Lykke Pocket verifies the identity of its clients.
The objective of KYC is to prevent Lykke Pocket from being used, intentionally or unintentionally, for illegal activities such as money laundering, terrorists financing, bribery or corruption. KYC allows Lykke Pocket to protect itself by ensuring that we are doing business legally and with legitimate individuals and entities, and it also protects the individuals who might otherwise be harmed by financial crime.
The stringent regulatory environment establishes KYC as a mandatory and crucial procedure for financial institutions.
In order to comply with applicable laws and regulations, Lykke Pocket's customers are required to pass KYC and have their account verified before being granted complete access to the entirety of Lykke Pocket services.
The KYC process consists of 4 steps where the first 3 can be performed in any order:
- Identity verification (ID and Video)
- Address verification
- First deposit
KYC is an ongoing process and further documentation such as Proof of Funds may be asked throughout your relationship with Lykke Pocket depending on your use of our services.
Additional information can be found in these articles:
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