Know Your Customer (KYC) Verification - what it is?

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What is KYC verification and why is it necessary?

For Kinesis users, KYC ensures that each account holder is reviewed quickly and accurately while maintaining a complete and secure database for the user’s safety and benefits.

KYC is often required by law for institutions providing financial services to allow for conducting the Anti Money Laundering (AML) and Counter-Terrorist Financing (CTF) Policy. The process helps prevent identity theft, money laundering, financial fraud, terrorism financing, and any potentially illegal activities. 

Until the Know Your Customer (KYC) check has been completed, your access to the Kinesis Monetary System will be limited. 

Read our step-by-step guide to KYC-verify your Kinesis account here.