👮KYC

KYC: What You Need To Know

Know Your Customer (KYC) is how you will get verified in order to access all features of the movAI app including Payout.

In this article we will outline all the information and steps you need to know about getting verified on the VeVe app.

What is KYC?

Simply put, Know Your Customer (KYC) are standards designed to protect against fraud, corruption, money laundering and terrorist financing. Important to note that KYC is different than the Payout process and KYC is necessary for Payout qualification.

Anti-money laundering (AML) regulation requires companies that offer certain products or services to implement and maintain reporting standards and practices that monitor and guard against money laundering, fraud, and anonymity.