My Neo Group
  • 📑INTRODUCTION
    • Introduction
    • Market Analysis
    • Industry Concerns
  • 🌐My NEO Group
    • Project Concept
    • Legal Entities
    • Vision and Mission
    • Ecosystem and Products
    • History
    • SWOT Analysis
    • The Current Context
    • Our Solutions
    • Press
  • ✅REGULATION
    • Introduction
    • Legal and Compliance
    • Licences
    • Security
    • Compliance Technologies
    • Data Framework
    • Audit by Renowned Firms
  • 🔎NEO CREDIT (NRT) TOKENOMICS
    • Technology
    • Token Audit
    • Features and Strategy
    • Token Valuation
    • Staking (NRT)
    • Burning Strategy
    • NRT Uses Cases
    • Listing
    • Tokenomics & Inflation
      • Token Distribution
  • 👨‍💼BUSINESS DEVELOPMENT
    • Roadmap
    • Team
      • Interview Video Team
    • Partners
    • Careers
  • 📲PRODUCTS
    • Live Platform and Services
      • NEO Dash
      • NEO ZENTECH
        • Unveiling Audit Insights by Renowned Firms
      • NEO Visa Crypto Card
      • Banca NEO
      • NEO Bot
      • NEO Tech Labs
      • NEO Wallet
      • NEO Travel
      • NEO Finance
      • NEO Exchange
      • NEO Sentiment
      • NEO Agent
      • NEO Circle
      • NEO Education
      • CRYPTO on NEO - The Blend
      • NEO X
      • NEO FIX
      • NEO Crypto Card
      • NEO D.A.O
      • NEO Help
      • NEO Oracle
      • NEO Labs
    • In Development
      • NEO ONE
      • NEO ZT 1
      • NEO Open Banking
      • NEO Broker
      • NEO Custody
      • NEO CIM
      • NEO Merchant
      • NEO Smart Chain
      • NEO Farm
      • NEO Island
      • NEO Future Value
      • NEO Swap
      • NEO Node
      • NEO Cash Flow
      • NEO Trade
      • NEO Arbitrage
      • NEO Angel
      • NEO Cloud Minting
      • NEO Crypto TAX
  • 🤝My NEO Group Event's
    • NEO ZENTECH Event's by My NEO Group
      • ⚡️ Epic Highlights: My NEO Group's Budapest Bash! | Oct 27-28, 2023 🌟
      • My NEO Group's Tallinn Event Highlights 🌟 | Nov 25, 2023
      • Zagreb Event: My NEO Group's Fintech & Crypto Revolution | Dec 2nd, 2023
      • My NEO Group's Tahiti Summit | NEO ZENTECH Innovations | Dec 10, 2023
  • 💡Innovation Theory
    • Innovation Adoption Process
      • Case Study: TESLA
      • My NEO Group
  • ❓HELP CENTER
    • Account
      • Activation
      • Registration
      • What is PEP?
      • Multiple Accounts
      • Login Issue
      • Account Security
      • Account Deactivation
    • Account Verification (KYC & AML)
      • Why and How to Do KYC
      • What Is Anti-Money Laundering (AML)?
    • Supported Countries
    • Wallet Safety
    • Transactions
      • How to Cancel a Transaction
      • How to Know the Status of a Transaction
      • Transaction Limits
    • Websites & App's
    • Social Media Pages
    • Customer Support
  • 💡Useful Articles & Links
    • 🔮CRYPTO on NEO - The Blend
      • CRYPTO on NEO - The Blend May 21th, 2023
      • The Hip Vocabulary of the Crypto World
      • Crypto On NEO: The Blend — Major Role in UAE Trade, Central African Republic Eyes Legal Framework
      • Crypto on NEO: The Blend — $17 Million for Web3 Projects for Kids, Central African Republic’s Crypto
    • 📰NEO NEWS
      • The Last NEO NEWS of the Year 2022
      • Banca NEO, NEO Dash, NEO Crypto Cards & AML Process (16/12/2022)
      • Floyd Mayweather Enters the FinTech Arena with NEO ONE's Launch
      • Welcome to the Future of Finance with NEO ONE!
    • 📚NEO Academy
      • What is Bitcoin?
      • What Is a Cryptocurrency Whitepaper?
      • What is MPC Technology?
    • 🆘GUIDE
      • Adding Your Visa Crypto Card to Google Pay
  • 🎨DOWNLOADABLES
    • Brand and Logos
    • Collaterals
    • Product Decks
  • 🛠️TERMS
    • Terms and Conditions
    • Cookie Policy
    • Privacy Policy
    • Terms of Services
    • Disclaimer
Powered by GitBook
On this page
  • Account Verification (KYC)
  • What is KYC
  • Importance of KYC
  • KYC and AML
Export as PDF
  1. HELP CENTER

Account Verification (KYC & AML)

PreviousAccount DeactivationNextWhy and How to Do KYC

Last updated 2 years ago

Account Verification (KYC)

What is KYC

KYC or Know Your Customer is a thorough process of verifying a customer's identity when opening an account.

Importance of KYC

Identifying every customer that enters the My NEO Group Ecosystem improves transparency and trust in our community. Moreover, KYC makes the My NEO Group Ecosystem free from illegal activities such as identity theft, money laundering, fraud, and other scams.

KYC and AML

My NEO Group needs to make sure that you are who you say you are, and you can count on the security protocol to make your experience safer.

We follow strict global standards with each of our clients by investor profiling (KYC) and money laundering prevention (AML), but to make users feel more secure they can review and adjust their security settings and view the recommendations.

In 2010, there were only a few hundred cryptocurrency exchanges in the market. By 2018, there were more than 1,000 exchanges worldwide. Now in 2021, there are only around 400 exchanges in the world. During this short period of 2018–2021, numerous exchanges were closed due to their non-compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) standards as governments cracked down on money laundering activities.

My NEO Group takes KYC and AML compliances very seriously and we are proud to say that we are 100%, fully compliant. Our approach to conducting business is to always work within the framework of the law. Not only does this protect us from any future litigations, but it also ensures that the money of our customers.

❓