💖KYC
Know Your Customer (KYC) and Anti-Money Laundering (AML) Policy
ProsperaVest is committed to maintaining a secure and compliant platform for its users. This KYC and AML Policy outlines the procedures for identity verification and anti-money laundering measures implemented to ensure the integrity of our decentralized lending platform.
Veriff KYC Verification Process: ProsperaVest employs Veriff, a leading identity verification service, to conduct KYC checks on all users. The Veriff process includes the following steps:
a. Document Verification: - Users are required to upload a valid government-issued ID, passport, or driver's license. - Veriff utilizes advanced document verification technology to authenticate the submitted documents.
b. Biometric Verification: - Users undergo a biometric verification process, including facial recognition and liveness checks. - Veriff's advanced algorithms ensure the person submitting the documents matches the identity in the provided documents.
c. Database Checks: - Veriff performs checks against global watchlists, sanctions lists, and databases to identify any potential risks.
d. Outcome Notification: - Users receive notifications regarding the outcome of the verification process, ensuring transparency and user awareness.
AML Compliance: ProsperaVest is committed to complying with Anti-Money Laundering regulations. Our AML compliance includes:
a. Transaction Monitoring: - Continuous monitoring of transactions on the platform to detect unusual patterns or large transactions that may indicate money laundering activities.
b. Risk-Based Approach: - Implementing a risk-based approach to assess the level of risk associated with each user and transaction.
c. Reporting: - Reporting suspicious activities to relevant authorities in accordance with AML regulations.
d. Employee Training: - Regular training for our team members to stay updated on AML regulations and best practices.
User Data Protection:
ProsperaVest adheres to strict data protection measures to safeguard user information. Data is encrypted, and access is restricted to authorized personnel only.
Compliance Reviews:
Periodic reviews of our KYC and AML processes to ensure alignment with regulatory changes and industry best practices.
User Cooperation:
Users are expected to cooperate fully during the KYC process and provide accurate information as requested. Failure to comply may result in restricted access to certain platform features.
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