KNOW YOUR CUSTOMER
Know your customer
What is KYC?
KYC (“Know Your Customer”) is a process by which we request official documents from our clients to verify their age and other personal information. Including bank accounts (for Wire transfers) . KYC is essential in preventing money laundering and the financing of terrorism.
Why do customers have to KYC?
AxAi is committed to fight against money laundering and the financing of terrorism. Our goal is to participate in the establishment of a fair, safe and socially responsible cryptocurrency market. We require our clients to undergo the KYC process to ensure that the purchasing of cryptocurrencies is not linked to any criminal activity. We collect customer information (age, identity, verification) as part of our conditions.
When am I required to proceed with KYC?
We require clients to proceed with KYC for the private sale (Paused). Once KYC verified you are ready for the private sale.
Who am I providing personal information to?
AxAi uses a third-party platform called YOTI who will manage the verification process. In order to complete the KYC process with Yoti you must:
- Install the Yoti mobile application. https://www.yoti.com
and upload a photo of yourself
- Confirm and verify your mobile number
- Record a five second video where you repeat three randomly generated words to prove you are human
- Upload a photo of your driving license or passport to verify your identity.
Yoti will verify and match your details to your biometrics. Their trained team will perform verification.
Where is my personal information stored?
Yoti uses AES 256-bit encryption to secure your personal details.
This means that there is no ‘profile’ for hackers to target.