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

Page	Description
KYC Documents Required	Acceptable documents
KYC Submit Process	Submission process
KYC Approval Criteria	Review checks
Automated KYC (Shufti Pro)	AI-powered verification

When KYC is Required

Activity	KYC Required?
Account creation	No
Deposits	No
Purchasing PRS	No
Withdrawing funds	Yes
Member-to-member transfers	Yes

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

KYC Components

For Individuals

Component	What's Needed
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

Requirement	Detail
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

Submission of false documents results in account termination.

Processing

Method	Typical Time
Automated (Shufti Pro)	2-5 minutes
Manual review	1-3 business days