Function description: KYC (Know Your Customer) (that is, fully understand your customers) the enhanced review of account holders is the institutional basis for anti-money laundering to prevent corruption and understand the legality of the source of funds.
KYC's 2 key points:
Authenticity verification: determine that the information submitted by the user is a legitimate identity
Living match: confirm that the user operates in person and is the same person as the submitted identity
The current system performs KYC in 2 ways:
Manual Audit: After the user submits, the operating staff will review whether it meets the requirements based on experience, which is subjective and the review speed is slow
Automatic audit: access to the third-party interface to achieve automatic audit, and compare with the public security database to ensure the legitimacy of user information, need to pay per audit but can be done the audit in minute.
* Brief description of Manual audit: the user submits the country, name, certificate number, front, back, and handheld photos of the certificate through the front end, and the backend administrator checks whether the user information is authentic and compliant and chooses to pass or fail;
* Brief description of automatic audit: After the system enables automatic review, the user automatically uploads the front, back, and video of the document, and then the system automatically determines whether the user's information is legal or not, and does not require manual intervention by the administrator;
The system set the manual KYC mode as default, and the system has connected to FaceID's active living face recognition service for automatic KYC review (only for mainland China +86 users, users in other countries and regions only support Manual review).
KYC automatic audit service is a third party paid service. You need to read the description below to understand the service and how to enable it.
Instructions:
- Turn on automatic Audit:
After completing the configuration of this module, you can support users to automatically complete KYC through face recognition, that is, no manual review is required, and the active living face recognition service that accesses FaceID through the system automatically completes authentication.
At present, only users in Mainland China +86 are allowed to use the automatic review channel. Users in other countries do not support face recognition. Kyc is still performed through manual review.
1.Charge &Topup
KYC automatic audit in Mainland China is a paid service: The platform has integrated with the FaceID interface. The service fee is collated by the platform, the exchange does not need to find third party or pay any fees to FaceID third party.
- Billing logic: pay by each transaction, deducted from the platform service account, the unit price is based on the description of the backend service overview interface, and the Renminbi (CNY) is the billing unit.
When the platform service account balance is insufficient, even if the automatic audit function is enabled in the backend, users KYC information will be sento to the backend manual review through the front desk.
1.2 Counting rules: After the service is enabled, each time the user performs a face comparison, the result returned by the FaceID interface (without distinguishing between successful or unsuccessful matching) is counted as 1 time and a fee is charged. The details and statistical data retrieved can be found in the consumption statistics and details under the service section of the backend platform.
1.3 About platform services: The current platform services include platform SMS services and platform KYC active live detection services. When the exchange uses these two platform services, the system will deduct the balance of the corresponding platform service account. Service will be suspended.
1.4 Topup method: please ensure the company administrator account has sufficient balance when recharging. Enter the recharge amount to make a purchase, the system will deduct the corresponding amount of USDT from the company administrator recharge account, and the corresponding balance of your platform service account will increase the corresponding amount of CNY. (Note: The recharged funds cannot be returned)
The platform service account balance view and recharge interface are as follows:
