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.
Last updated
Was this helpful?