What's new: Proof of income for high-risk individuals
What's new: Proof of income for high-risk individuals
What’s new
To enhance our fraud prevention measures, a new screening step will be introduced during onboarding: individuals identified as high-risk will be required to provide proof of income.
Why is this a breaking change?
Currently, the KYC process consists of two steps—identity verification and complementary due diligence—and is applied uniformly to all users.
Going forward, an additional step will be introduced for high-risk individuals: proof of income verification.
Impact
Once all standard steps are completed, the LCB-FT score is calculated. Depending on the result:
- A webhook notification will be triggered, indicating a new required diligence: proof of income.
- This document must be submitted via API and will be reviewed by our KYC provider.
- The document must be issued in the name of the end user.
- Verification checks will include both the authenticity of the document and consistency with the user’s identity, as per the usual process.
Prerequesites
Webhook UserCreatedOrUpdated
Additional information
| Additional information | Yes/No |
|---|---|
| Upsell | Yes |