Why is verification needed?

Written by S-Group
Updated 1 year ago

Client verification is an international control standard.

Know your customer is a banking and exchange regulation term for financial institutions, as well as other companies that work with private money, meaning that they must identify and establish the identity of the counterparty before conducting a financial transaction.

To withdraw funds from the system, it is mandatory to go through the verification procedure.

Verification is necessary to secure your account and data from unauthorized access to perform the requested actions.

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