> For the complete documentation index, see [llms.txt](https://whitepaper.prosperavest.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://whitepaper.prosperavest.com/ensc/kyc-kyb-kyt.md).

# KYC/KYB/KYT

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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.
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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.

2.  **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.

3. **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.

4.  **Compliance Reviews:**

* Periodic reviews of our KYC and AML processes to ensure alignment with regulatory changes and industry best practices.

5.  **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.