Compliance

Compliance

BancOfCoins complies with the strictest regulatory standards to serve the purpose of preventing Fraud and Money Laundering, as well as protecting the integrity of your trading account. All information is kept in strict confidentiality and each client is carefully checked during the on-boarding process in the International PEP and Sanction list. Each ID, Driver License or Passport Number are checked in the database of Internal Affairs Ministries of each country. In accordance with MiFID rules and the KYC policy of our company, we collect the following documents before deposit of any amount to the account, regardless the transaction amount: Document Submission Requirements:
· Proof of Identity
· Proof of Residence
· Proof of Card Ownership
The KYC documents must be provided no later than 4 working days after the account activation, otherwise we keep our rights to terminate all existing deals and restrict future trades.

PROOF OF IDENTITY
A color copy of a valid Government issued Photo I.D., front and back. Along with clear full image of your document, the following details need to be visible:
· Issuer
· Your full name
· Your date of birth
· Expiration date
· Signature
· A clear picture

PROOF OF ADDRESS
A copy of a Utility Bill (i.e. Water/Gas/Electricity/Telecommunications bill, etc.), no more than three months old
The copy provided should clearly show the following:
· Your name and address
· Date of issue
· Issuer
Alternatively, you can send a copy of any of the following documents. It must also be no more than three months old:
· Bank/Credit card Statement
· Tax statements or local authority tax bill
· Government-issued proof of address

PROOF OF CARD OWNERSHIP
Please provide a color copy of your credit card – back and front, with all four corners visible.
The copy provided should clearly show the following:
· Cardholder Name
· Expiration Date
· Last 4 digits on the front
· Signature on the back
For your reassurance, please ensure that all other details are concealed.
How to Submit Documents:
· Via website in your account.
· Via mail at: [email protected]
For any further assistance please contact our Compliance/Support Department via email or telephone.