KYC (Know Your Customer)

KYC (Know Your Customer) refers to the mandatory process of verifying the identity of clients and assessing their suitability, along with the potential risks of illegal intentions, before or during a business relationship. It is a critical component of anti-fraud measures and regulatory compliance across various regulated industries, not limited to online gaming.

This stringent identity check process is essential for financial institutions, online casinos, and other regulated businesses to combat various forms of financial crime, including fraud, terrorist financing, and Anti-Money Laundering (AML) efforts. By performing comprehensive customer due diligence, companies can mitigate risks, uphold legal obligations, and ensure responsible operations. For individuals, such as players in online gaming, KYC verification often occurs upon account registration, the first withdrawal request, or when specific deposit thresholds are met, safeguarding both the customer and the platform.

Common KYC Verification Documents

• Proof of ID: A valid government-issued document, such as a passport or driver's license.
• Proof of Address: A recent utility bill or bank statement, typically dated within the last three months, showing the customer's residential address.
• Proof of Payment: Depending on the payment method, this could be a screenshot of an e-wallet account or a photo of a credit card (with middle numbers and security code hidden for privacy).