Part of our responsibilities to our financial partners, to be in compliance with the Know Your Customer (KYC) regulations involves verifying your identity and confirming the legitimacy of your business. Collecting this information enables us to automate parts of this process so that you can start receiving payments immediately.
We do not use this information for any other purpose, and we take your privacy and the security of your data very seriously.
More on KYC: Know Your Customer is the process of a business, identifying and verifying the identity of its clients. The term is also used to refer to the bank regulation which governs these activities. Know your customer processes are also employed by companies of all sizes for the purpose of ensuring their proposed agents, consultants, or distributors are anti-bribery compliant. Banks, insurers and export creditors are increasingly demanding that customers provide detailed anti-corruption due diligence information, to verify their probity and integrity.