Finotive requires KYC to verify that the account is being purchased and used by the correct person.
KYC also helps Finotive confirm age, location, payment ownership, sanctions status, fraud risk, and compliance with anti-money laundering and financial crime prevention requirements.
KYC protects traders, Finotive, payment providers, and the integrity of the trading programmes.
Related Terms: Sections 4.9, 4.10, 4.11, 11.7, and 16.3.
