Get more customers
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
KYC compliance for trading and investment
DMA/CFD brokerage companies
Investment funds & marketplaces
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
Mix and match checks, set up triggers and create levels based on risk profiles to build highly effective user flows. Customize the design and texts of each step as well
Integrate the services you need via our Web and Mobile SDK (or RESTful API) without worrying about interruptions with 99.996% uptime
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.
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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.