Verification
Verification of the information received should be based on reliable and independent sources documents either electronically or both delivered by the client or firm. Where business is done face to face, firms must see the origin of any document included in the verification. If the proof of a person’s identity document is to be made more convincing, it is usually issued by a government department or agency or a court, because it is more likely that the authorities will have investigated that person and his character . In the absence of evidence of such documentation of the identity of the person concerned, other evidence to identify the customer may be provided, although the firm should investigate the risks involved.
If the identity is to be verified from the document, it should be done on the basis of:
Government issued documents, including:
Customer’s full name, and His residential address Government issued photographic identification documents
Valid passport National Identity Card Alternatively, this can be done from a non-photographic document issued by the government,which includes the client’s full name, which is supported by another document, including:
Customer’s full name, and
His residential address
Proof of address
Existing bank statement or credit / debit card statement issued by a regulated financial sector firm (which is neither printed on internet nor is less than 6 months old) Utility bills (these include neither mobile phones nor bills printed on the Internet nor bills are less than 6 months old)
For products with higher risk levels, in addition to obtaining the above standard information,
obtain and record this information about Know Your Customer:
Employment and Income Details
Source of funds (ie source of funds used in transactions)
AOne PrimeFX does not bind customers to any timeframe for submission of documents for verification, although if customers wish to withdraw their funds, it is mandatory for them to submit these documents.
AOne PrimeFX undertakes the review of these documents within 24 hours from the date of receiving the documents.