Account verification is a procedure of identity confirmation performed under the KYC (Know-Your-Customer) regulations. Basically, it is a process of affirming who the account holder is. This includes identity and address verification. In some cases we may ask our customers to provide us with additional documentation through e-mail.
There are several reasons why account verification is a significant procedure to become an eligible account owner:
- Conformity with regulatory requirements.
Kauri.finance is a financial institution that follows regulations in the country we provide our services in. Therefore, in order to meet the regulatory requirements we must exercise the KYC procedures.
- Full capacity of features to be available.
Our service allows the customers to complete account verification as one single process along with account registration to ensure that the entire scope of features available at Kauri.finance becomes accessible to our customers.
- Protection of your account.
Verification ensures that your account is secure from any third party’s access to your account information or management of funds in cases when you need to restore access through contacting our support department.
Personal information that you provide while undergoing verification procedure is safe and shall not be shared with third parties without your personal consent.