Legal
KYC Policy
Newverse LLC ("Company", "we", "us") implements Know Your Customer (KYC) procedures to verify the identity of all users and ensure compliance with UK anti-money laundering laws.
Key Points
- Identity Verification: Users must provide valid government-issued ID (passport, national ID, driver's license).
- Address Verification: Proof of residence may be required (utility bill, bank statement, or equivalent).
- Risk Assessment: High-risk users are subject to enhanced due diligence.
- Compliance: Accounts failing KYC verification may be restricted, suspended, or terminated.
- Data Retention: Personal data collected for KYC is stored securely in accordance with UK GDPR and retained as required by law.