EXMO news

Mandatory User Verification on EXMO From January 2020

Dear users, 

Starting from January 10, 2020, the Fifth Anti Money Laundering Directive (5AMLD) takes effect. The Directive contains requirements for the mandatory verification for all cryptocurrency platforms clients following the KYC and AML standards, all users who make cryptocurrency transactions must pass verification.

EXMO Сryptocurrency Platform is registered in the UK and it is operating following the British jurisdiction, which is subject by 5AMLD. Therefore, starting from the End of January 2020, we plan to start the mandatory user verification on the platform.

What are the steps you need to pass to get verified? 

To keep using all EXMO services without any difficulties from January 2020, mostly operations of cryptocurrency Deposits and Withdrawals, it is necessary to pass an identity verification and download the selfie-photo, which will take no longer than 10 minutes. 

Now we are working on improving and simplifying the verification procedure. The estimated dates of the Verification update is - mid-December 2019. 

Please note: card and address verification won't be mandatory, these steps are necessary only for using additional payment methods on the platform.

We take all possible measures to maintain strict confidentiality and security for information received during verification according to the user agreement, privacy policy, and GDPR requirements. Your personal information is stored on encrypted servers, and no company employee has access to the original documents, except for a certified AML officer. For verification, copies of documents are used, on which protective watermarks are superimposed, which do not allow reuse of the submitted documents.