KYC (Know Your Customer) is a mandatory verification procedure where customers provide identification documents to verify their identity. Shipfinex, as a regulated financial platform, is legally required to perform comprehensive KYC procedures to comply with international Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regulations.
These procedures are critical because they help:
- Prevent identity fraud and financial crime.
- Ensure compliance with global regulatory standards.
- Protect the integrity of the Shipfinex marketplace, providing a safe and secure investment environment for all users.
Shipfinex's stringent adherence to global AML/CFT standards ensures the legitimacy and transparency of transactions conducted on its platform.
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