In accordance with the current requirements of the Anti Money Laundering (“AML”) and Counter Terrorist Financing (“CTF”) legislation, and with the agreements in the Terms of Use of Phemex Exchange (“Phemex”), it is mandatory and necessary for Phemex to establish and maintain the records of the identity proof and fund source of all our clients (or “users”) before creating a business relationship. Be subject to the AML and CTF legislation, Phemex is required to constantly monitor the ongoing trades and identity proof of all the clients. Therefore, you might be requested to answer follow-up questions or finish in-depth customer due diligence process.
To complete the KYC verification, users shall upload the identity document for verification purpose and guarantee that the information submitted is complete, true and accurate. The validity of the upload identity file shall be valid and all the identity information provided to Phemex shall be completely true. Users should authorize any member of Phemex group or the third-party service provider engaged by Phemex to verify the truthfulness of the information provided.
