Sumsub

A single, secure verification platform that is efficient, compliant, and free of country-specific barriers.

What is KYC compliance?

KYC compliance is a set of measures that regulated entities need to perform to meet AML requirements. These may include certain procedures for identifying and verifying personal information, such as names, addresses, passports or ID cards, and more. These requirements help ensure that financial institutions and other businesses are not facilitating criminal activity. To ensure KYC compliance, companies often use specialized KYC solutions or KYC-as-a-service providers that enable them to automate the process of customer verification.