Concept

KYC-Center is a web platform aimed at creating a single global identity verification center. At KYC-Center, customers (individuals or legal entities) are subject to the identity verification procedure. If the the verification is successful, the customer is given a unique personal KYC-code. The KYC-code makes it possible for the customer to join online services of business partners without identity re-verification at a business partner platform.

At KYC-Center, the verification is performed in full compliance with all the requirements of Directive No. 2015/849 of the European Parliament and of the Council of May 15, 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing.

Business partners connected to KYC-Center (online currency exchange services, web platforms for trading and crypto-exchange, crypto-currency exchanges, ICO projects, ATMs for crypto exchange, etc.) can verify the validity of the KYC-code. With the KYC-code, business partners can check if the person has passed the KYC procedure and when the person was verified, the country of residence of the customer and the risk level (3 risk levels). Based on the customer risk level, business partners can establish business terms and conditions for the customer (for example, set transaction limits). In addition to the online services, KYC-Center services are also used by call centers of business partners to verify the identity of the customer.

Directive 2015/849 allows a party liable to delegate customer verification to a third party. Taking into account the requirements of the Directive, the business partner and KYC-Center will enter into a customer verification service agreement.

Tatjana Kostrykina
Co-founder and CEO
KYC Center OÜ