What is KYC, and why is this procedure necessary?

KYC, or Know Your Customer, is the name given to the process of verifying the identity of a business's customers.

As part of the Jimizz ICO, KYC is used to ensure that investors are in compliance with anti-corruption legislation and to verify their integrity and trustworthiness. This procedure is also engaged in order to prevent money laundering and terrorist financing.

To identify suspicious transfers of money and verify the source of funds for the Jimizz ICO without compromising investors' personal data, the Sumsub KYC solution is used.

To participate in the ICO, you will need to complete the KYC process. The process has been implemented within a legal framework to ensure it meets all requirements set down by law. Follow all steps in order to obtain clearance to participate in the ICO.