KYC / AML Procedure DetailsTo assess and monitor customer risk and also to address concerns from specific countries regulators, The Abyss will implement the KYC / AML procedure for its Token Sale (DAICO) contributors. We consider it a safe and better business practice that is beneficial to all parties involved in the token sale.
Our KYC / AML will be powered by Netki, a California-based company delivering software and online services designed to reduce the risk of blockchain transactions, while supporting compliance needs for financial institutions and state regulators’ requirements.
The company’s digital identity and wallet naming services are used by early adopters and innovators in the blockchain ecosystem, including Bitt, IBM, Bitfinex and PwC Australia.
The KYC / AML is a simple online procedure of identification enabling easy capture of an individual’s documents and biometrics via smartphone. This simple procedure will take most people less than a minute, and is mandatory for anyone who wishes to participate in The Abyss’ Token Sale (DAICO). In addition, the U.S. citizens should pass the accreditation process.
https://medium.com/theabyss/kyc-aml-procedure-details-3f7ffc7e91df