Why do I need to submit several KYC documents to verify my account?

Know Your Customer(KYC) is a regulatory and legal requirement for banks and other financial institutions to identify and verify the identity of their clients. We do this to be compliant with various Anti-Money Laundering(AML) and Counter-Terrorist Financing(CTF) regulations.

KYC is accomplished by verifying various documentation and information obtained from the customers against a pre-approved list of sources. The ultimate goal is to ensure that TrueUSD is successful in keeping suspicious activity off its platform.