KYC Verification

No. You are only required to undergo one KYC process. Upon the successful completion of your KYC process and execution of the relevant agreements with us, we will be able to offer you with the basic range of services. Note that some more complex products may require additional information to ensure that you are entitled to those products and that the products are suitable to your investor risk profile.

The only time you are required to undertake this KYC process again is during the periodic review of your account with us.

We are obligated under the current regulatory regime to carry out periodic review of our clients’ accounts (including their KYC documents). You should expect a review request within one (1) year from the date of your successful onboarding.

Different client types will require different information and/or documents. The necessary documents will be reflected as you undertake the KYC process. Some documents may have certain requirements (i.e. such as validity period or requirements for them to be certified). As such, you should take note of such requirements and ensure that the documents that you submit complies with such requirements. Your onboarding process may be prolonged in the event that your documents fail to comply with the stipulated requirements.

Source of funds ("SOF") refers to the origin of the particular funds or other assets which forms the basis of any transactions that you may conduct with or through us when you engage our services. The purpose of ascertaining your SOF is to ensure that funds transacted through our services are not deemed to be proceeds resulting from or for the purposes of commissioning of crime.

Source of wealth ("SOW") generally refers to the origin of your entire body of wealth (i.e. total assets). This relates to how you have acquired the wealth which is distinct from identifying the assets that you own. In some cases, your SOF may be the same as your SOW.

Then you should inform us of your other sources of wealth during the KYC process. You will then also be required to provide the relevant documentations to support your declared other sources of wealth.

A Proof of Address is a document (usually in the form of a current utility bill or bank statement) bearing your identity (i.e. your full name) and your current residence. A POA is important because our services may have jurisdictional restrictions. For example, we are not currently able to offer our digital payment token services to any residents or businesses that are incorporated in China or have their principal place of business in China.

If you refuse to or fail to provide any requested documents or information, we may not be able to complete your onboarding process and therefore unable to offer our services to you.