What is KYB (Know Your Business)?
The KYB procedure is an identity verification procedure. It is conducted by Tokenomica’s compliance team and the service provider Sum&Substance). The main purpose of this procedure is to facilitate our system's compliance with Anti-Money Laundering laws (AML) and to protect our system from accidentally facilitating criminal activities.
How to pass KYB?
KYB Procedure takes a few minutes to upload necessary documents and provide basic information and up to 3 days for Sum&Substance and our compliance team to approve that information.
You will be asked to share the following information:
Representing officer identity verification
Company documents
Details regarding company UBO’s and shareholders and the company structure
UBO’s and Shareholders will be asked to complete KYC as well. The link to Sum&Substance form will be sent to their emails.