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Silver Tier Verification

Silver Tier Verification

In order to get full access to LYOPAY services, an account should be verified. Similar to banks, LYOPAY requires its customers to go through the KYC (Know Your Customer) verification process.
We follow strict global standards with each of our clients on investor profiling (KYC) and money laundering prevention (AML).
KYC (Know Your Customer) - the mandatory process of identifying and verifying the client's identity when opening an account. We must make sure that you are who you claim to be.
To be able to use services of LYOPAY user must fill out their KYC with following information:
  • Valid Identification document
  • Proof of residence
  • Photo selfie
  • Video selfie
AML (Anti-Money Laundering) - refers to the laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income.

Accepted Documents for Address Verification

The following forms of proof of place of residence are accepted:
  • Energy provider bill
  • Bank statement
  • Tax assessment
  • Photographic ID
  • Mortgage statement
  • Certificate of voter registration
  • Correspondence between you and a government authority regarding the receipt of benefits such as a pension, unemployment benefits, housing benefits, etc.
  • Utility company bills (e.g. Gas bill, Electricity bill, Water bill, Cable company bill (but not from satellite TV companies), Landline telephone bill )
IMPORTANT
  • Proof of residence should contain your full name, address and have been issued in the last 3 months
  • Bills for mobile services such as mobile phone etc. are not accepted as proof of place of residence

Account Safety

Your information is stored securely on our local servers that are not accessible via an external network or disclosed to any third parties to prevent any illegal activity.
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