KYC & AML Essentials
What is KYC?
Know Your Customer (KYC) is identity verification required by financial regulations worldwide.
Verification Process at EuropaTech
1. Document Upload: Passport, national ID, or driver's license
2. Selfie Verification: Live selfie matched against document photo
3. Address Proof: Utility bill or bank statement (for enhanced verification)
4. Processing: AI-powered verification by SumSub — usually takes minutes
What is AML?
Anti-Money Laundering (AML) regulations prevent financial systems from being used for illegal activities.
EuropaTech AML Measures
- Transaction monitoring with configurable thresholds
- Sanctions screening (EU, UN, OFAC lists)
- Suspicious Activity Reports (SARs) for unusual patterns
- Structuring detection — alerts for split transactions
- Enhanced due diligence for high-value investments
Your Privacy
- Documents processed by SumSub, not stored on EuropaTech servers
- GDPR compliant data handling
- Data retention follows EU regulatory minimums