Identity Verification

what is KYC verification

What is KYC Verification? Everything You Need to Know

KYC is the practice of verifying an individual’s identity in compliance with laws and regulations, primarily for Anti-Money Laundering purposes. In response to the pronounced inability to detect and prevent online fraud, the KYC process has been introduced to reduce instances of illegal transactions. The increasing adoption of technologies led to the rise in cases […]

Sensity Team 10/08/2021