Skip to main content
ProsperaVest is committed to maintaining a secure and compliant platform for its users. This KYC, KYT and AML Policy outlines the procedures for identity verification and anti-money laundering measures implemented to ensure the integrity of our decentralized lending platform.
  1. Veriff KYC Verification Process: ProsperaVest employs Sumsub (Sum and Substance)/Veriff/YouVerify, leading identity verification service, to conduct KYC/KYB/KYT 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.
  1. 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.
  1. 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.
  1. Compliance Reviews:
  • Periodic reviews of our KYC and AML processes to ensure alignment with regulatory changes and industry best practices.
  1. 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.