KYC is an acronym in English that stands for “Know Your Customer” – it represents the process of a company that verifies the identity of its customers to prevent money laundering, identity theft, financial fraud, and terrorist financing. This process involves verifying your identity and address using government-issued documents (identity card or passport).

Remote KYC is an awesome technology solution, allowing you to verify your identity from the privacy of your couch!

When you want to open a bank account at your bank, invest in an investment company, or open a savings account, you usually have to go and visit the company’s office, meet with a representative to identify yourself with your documents, and sign contracts.

There is no need to visit Kriptomat’s office to start using the Kriptomat. Identity verification with AML/CFT control is mandatory.

Kriptomat is a company that offers virtual currency services and based on the Estonian AML law Kriptomat is treated the same as all other credit and financial organizations (banks, brokers, …). Kriptomat has adapted the compliance process based on the Anti-Money Laundering Law and European Union Regulations (AML5D) and Kriptomat is required to confirm the identity of each Kriptomat user.

Kriptomat’s identity verification process is quick and easy and helps Kriptomat confirm both your identity and your account information. By confirming this information Kriptomat can comply with KYC/AML/CTF regulations and prevent malicious behavior (money laundering, identity theft, financial fraud, financing of terrorism). In other words, by verifying your identity Kriptomat can ensure that the Kriptomat is a safe place for everyone who uses it.

Go to Kriptomat’s Official Website