KYC (Know Your Customer)
Regulatory process to verify the identity of clients, assess their suitability, and understand the nature of their activities to prevent fraud and money laundering.
Full Definition
Know Your Customer (KYC) is a mandatory due diligence process that financial institutions and regulated platforms must perform to verify client identities. This typically involves collecting government-issued ID, proof of address, and source of funds documentation. For security token platforms, KYC ensures only eligible investors can participate in offerings and helps maintain compliance with securities regulations.
Why It Matters
KYC is the first line of defense against financial crime and regulatory violations. On Sails.to, our KYC process verifies that investors meet the eligibility requirements for each offering—whether that's accredited investor status under US regulations or professional investor classification under EU rules.
Our KYC data is stored securely and can be reused across multiple investments, so investors only need to verify once. Combined with AML screening, this creates a compliant foundation for all platform activities.
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