TIER 1 KYC VERIFICATION – (Crypto Wallet Validation)
Know your Client/Customer SmartID™ Token (KYC) is basically establishing and recording the true identity of clients based on official documents. The minimum information/documents required are a name, present & permanent address, date, and place of birth, nationality, nature of work, contact numbers, tax identification number, specimen signature, and source of fund.
Valid identification documents are also required and are validated through billing statements and/or employment records.
Validation procedures include:
- Confirming the date of birth from a duly authenticated official document.
- Verifying the permanent address through evaluation of utility bills, bank or credit card statement or other documents showing a permanent address or through on-site visitation.
- Contacting the customer by phone, email or letter.
- Determining the authenticity of the identification documents through validation of its issuance by requesting a certification from the issuing authority or by any other means.