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What is KYC, and why is it required?

KYC (Know Your Customer) is identity verification required by financial regulators to prevent fraud and money laundering.

KYC (Know Your Customer) verification is required by financial regulations worldwide. Here's why it matters:

  • Legal compliance: Wealt is required by law to verify the identity of anyone participating in investment deals. This prevents money laundering and fraud.

  • Your protection: Verification ensures that no one else can invest using your identity or access your account.

What you can do without verification?

  • Track your own assets and portfolio

  • Set up your profile

  • Explore the dashboard

What requires verification?

Viewing deal details, fact sheet and registering an interest.

The verification process

  • Click the Complete Your Profile banner β†’ Verify Identity

  • Upload a government-issued photo ID (passport, national ID, or driver's licence)

  • Take a live selfie for face matching

  • Submit proof of accreditation (if required)

  • Wait for approval (typically minutes)

  • The process is handled by SumSub, a trusted third-party identity verification provider used by 2,000+ companies globally.

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