Why do I need to verify my identity?

We need to verify your identity as part of Know Your Customer (KYC), which is an EU-wide regulation. KYC’s part of EU and local Anti-Money Laundering (AML) legislation, and is required under the Payment Services Directive 2 (PSD2). KYC’s designed to help prevent corruption, terrorism, fraud and money laundering, and keeps financial services, safe clean and secure.