Passport: A passport is a government-issued travel document that verifies the identity and nationality of the holder. It is one of the most widely accepted forms of identification.
Driver's License: A driver's license is a government-issued document authorising an individual to operate a motor vehicle on public roads. It typically includes the individual's photograph and personal information.
National ID Card: A national ID card is a government-issued identification card that verifies the identity and nationality of the holder. It is commonly used in many countries as a primary form of identification.
Utility Bill: A utility bill is a document that shows proof of residency and is typically issued by a service provider such as a water, electricity, or gas company.
Bank Statement: A bank statement is a document issued by a bank that shows a record of transactions, including deposits, withdrawals, and transfers. It also includes the account holder's name and address.
Lease Agreement: A lease agreement is a contract between a landlord and tenant that outlines the terms and conditions of renting a property. It typically includes the property's address and the tenants' names.
Birth Certificate: A birth certificate is a government-issued document that provides proof of a person's birth and identity.Social Security Card: A social security card is a government-issued card that proves a person's social security number.
Tax ID Number: A tax ID number is a unique identifier assigned to individuals and businesses for tax purposes.
It's important to note that the specific documents required may vary depending on the country, region, or institution. Additionally, some banks may require additional documents, such as employment verification or income statements. At Togggle, we work to ensure each of our clients follows best practices and applicable regulations.
The KYC process typically involves submitting these documents to the verifying party and other personal information such as name, date of birth, and address.
The verifying party will then use this information to confirm the customer's identity and ensure compliance with regulatory requirements.
In addition to these documents, verifying parties may also use other verification methods, such as biometric authentication or facial recognition technology, to enhance security further and prevent fraud.
The KYC process is an essential part of many industries and is crucial in preventing financial crimes such as money laundering and terrorist financing. By verifying the identity of your customers and collecting the necessary documentation, you can ensure the safety and security of your organisation.
At Togggle, we strive to make the KYC process as simple and efficient as possible for our customers. By accepting a wide range of commonly used KYC documents, we ensure that our verification process is accessible to everyone.
If you have any questions or concerns about our KYC requirements, please don't hesitate to contact our customer support team.
If you don't see the answer to your question here, please don't hesitate to contact us. Our team of experts is always happy to help.
Start securely onboarding new clients with our automated KYC verification. Get in touch with us today for a free demo.