Uploaded July 2021 | Updated September 2026, 1 hour ago

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💡 KYC refers to a process that banks and other financial institutions use to gather identifying data and contact information from current and potential customers. Its purpose is to prevent fraud, money laundering, and other illicit activity, as well as the misuse of financial accounts. 

📚 Read our articles for a step-by-step guideline on how to complete KYC.
How to Complete Identity Verification ▶️ bit.ly/3hOE34Q

⏱️ Timestamps
What is Identity Verification 00:00
Why do I need to complete Identity Verification 00:24
How to complete Identity Verification 00:52

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