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KYC

Identity verification (Know Your Customer) for Corsair Connect members.

What is KYC?​

KYC (Know Your Customer) is the identity verification process required before members can withdraw funds. This applies to both fiat currency withdrawals and CSR-to-wallet transfers.

Why KYC is Required​

KYC compliance is mandated by:

  • Anti-money laundering (AML) regulations
  • Payment processor requirements
  • Fraud prevention protocols
  • Financial services regulations

In This Section​

When KYC is Required​

KYC is NOT required for:

  • Account creation
  • Deposits
  • Purchasing PRS

KYC IS required for:

  • Withdrawing funds (fiat or CSR-to-wallet)
  • Member-to-member transfers

Members can join, deposit, and purchase PRS immediately after email verification. KYC is required only for withdrawals and transfers.

KYC Components​

For Individuals​

  • Identity verification — Government-issued photo ID + selfie/liveness check
  • Address verification — Proof of residential address dated within 3 months
  • PEP declaration — Politically Exposed Person questionnaire

For Business Entities​

Business accounts require additional KYB (Know Your Business) documentation. See KYB Documents Required.

Document Requirements​

  • Document validity — Must not be expired
  • Name match — Must match registration details exactly
  • Image quality — Clear, all corners visible, readable
  • Authenticity — No signs of tampering or manipulation

Important: Submission of false documents results in account termination.

Processing Times​

  • Automated (Shufti Pro) — 2-5 minutes
  • Manual review — 1-3 business days