Welcome more clients with KYC/AML software for trading that helps you comply with regulations, safeguard reputation with payment partners and steer clear of fraud
average verification time (ID + liveness check
certified legal experts to guide through regulations
cost reduction with automated KYC/AML
Don’t lose applicants because of long wait times
Сomply with regulatory authorities (FCA, CySEC etc.)
Enter new markets around the world, from Indonesia to Nigeria
Verify IDs and proof of address, request source of funds for risky clients via questionnaires, and perform ongoing AML screening against 1000+ global watchlists, 100+sanctions lists, PEPs lists, and adverse media. Our in-house legal team will help you ensure full compliance
Get clients verified in less than a minute thanks to automated user verification flows. Our clients have been able to eliminate human error and reduce the cost of KYC/AML by 40%
Reach maximum pass rates for clients through the globe, including LATAM, South Asia and Africa. Any region, any scale—our legal experts will show you how to verify clients fast and properlyCheck pass rates
Identify even the most sophisticated frauds with AI-based algorithms. Screen users against 1m+ known fraudsters, perform liveness checks or video interviews and prevent chargebacks by checking payment methods before transactions are made
Build multiple verification workflows according to user risk profiles, automatically run extra checks based on applicant actions, and set up triggers for manual case review. All without writing a single line of code.
Integrate the services you need via our Web and Mobile SDK (or RESTful API) without worrying about interruptions with 99.996% uptime
COO at Exness
Sumsub's clear competence in this area has completed our existing compliance routines very well. They have been able to customise KYC document screening to fit our specific flows and needs. With Sumsub, we slashed compliance costs by half.
With Sum&Substance we have managed to speed up verification process of our customers. Also, we have achieved a new level of automation of our verification procedure, which improved our customer service and increased security of our product.
We used to have a very long manual onboarding process, in which our employees had to research every single client. It took us at least three days to check that a client was not, for instance, a politically involved person. We started to look for a provider when our customers became impatient, and our service started lacking a competitive edge.
Getting started is really easy!
Hop into a short demo call with our experts and start verifying traders in the next 24 hours. Ready to chat?
Companies from the trade finance sphere are often subject to AML regulations in order to combat financial crimes. The list of such companies may include wealthtech and investment funds, DMA/CFD brokerage companies, crowdfunding and investment marketplaces. Their AML compliance programs usually include know your customer (KYC) procedures and CDD procedures. The standard KYC for broker dealers includes ID and proof of address verification, AML screening and ongoing monitoring, as well as source of funds verification for risky clients.
KYC stands for Know Your Customer. It means verification of client identities during onboarding. Under Anti-Money Laundering (AML) obligations, trading companies must conduct KYC to ensure that their customers are trusted individuals. To conduct verification fast and properly, such companies often use specialized KYC solutions for forex brokers.
To comply with AML/CTF regulations, forex platforms need to enact policies and procedures that combat all forms of financial crime. The AML process for forex brokers includes setting up adequate internal systems for spotting suspicious activities and reporting them to authorities. In addition, robust Customer Due Diligence (CDD) and Know Your Customer (KYC) procedures should be applied to verify customers and take precautions against money laundering and terrorist financing risks.
As FX trading is a global activity, there isn’t one set of regulations that applies to all forex platforms. Instead, there are multiple types of regulations, which vary depending on the jurisdiction where forex platforms operate. So, KYC/AML requirements for forex platforms depend on the regulatory body in each particular country, e.g. FCA in the UK or CySEC in Cyprus.