KYC (Know Your Customer) is a regulatory process aimed at verifying the identity of investors, assessing financial activities, and ensuring compliance with anti-money laundering (AML) regulations. At Togetherise, the KYC process is conducted to fulfill the requirements outlined under applicable securities and anti-money laundering laws.
Togetherise’s KYC Process:
- Information Collection: Investors provide details such as name, address, and date of birth, as required for compliance with NI 45-110. Businesses issuing securities must adhere to the specific requirements outlined in their offering documents, which may include additional identity verification procedures or documentation.
- Identity Verification: Togetherise relies on self-declaration to meet the minimum compliance requirements under NI 45-110.
- AML Compliance: Togetherise limits payment methods to credit and debit cards issued in the investor’s name to comply with anti-money laundering regulations. In addition, repayments are made only to bank accounts registered in the investor’s name, ensuring a direct link between the investor and their transactions.
This streamlined KYC approach ensures compliance while maintaining a secure and efficient investment process for all participants. Investors are encouraged to review offering documents for any additional requirements specified by the issuer.
