At EverRise, we are committed to maintaining the highest standards of compliance, integrity, and transparency. As part of this commitment, we strictly adhere to international Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.
Know Your Customer (KYC) is the process of verifying the identity of our users to prevent identity theft, financial fraud, money laundering, and terrorist financing. It helps ensure that our platform remains a secure and compliant environment.
Our KYC procedure includes:
Full name and date of birth verification
Government-issued ID verification (e.g., passport, national ID card, driver’s license)
Address verification using utility bills or bank statements
Real-time facial recognition and liveness checks for high-tier accounts
Anti-Money Laundering (AML) refers to a set of procedures, laws, and regulations designed to stop the practice of generating income through illegal actions. We implement AML controls to detect and report suspicious activity.
Our AML measures include:
Continuous transaction monitoring using AI-driven systems
Automated alerts for unusual or large-volume activities
Risk scoring and account behavior analytics
Filing Suspicious Activity Reports (SAR) where required
Regular staff training and compliance audits
We comply with:
FATF (Financial Action Task Force) recommendations
EU 5th Anti-Money Laundering Directive
FinCEN guidelines (for US users)
GDPR for data privacy and protection
Implementing KYC and AML processes:
Enhances platform trust and credibility
Prevents criminal activity and protects honest users
Ensures compliance with international financial laws
Builds a long-term, sustainable crypto ecosystem
We take these responsibilities seriously to create a secure and compliant environment for all EverRise users.