KYC: Know Your Client or Know Your Customer.
AML: Anti Money Laundering
KYC, a standard due diligence process, serves an important purpose for providing superior service, preventing liability, and avoiding association with money laundering, and other illegitimate money frauds i.e. anti money laundering (AML). More information can be found at International Monetary Fund (IMF) and Investopedia.
We and our partners respect KYC privacy. We comply with Universal Human Rights. All community members, traders and beneficiaries associated with uCash Fund are entitled to respect the Universal Human Rights and their respective countries’ applicable laws.
There are 6 levels of KYC verification at uCash Fund:
Level 1: ID Card or Passport
- Age Eligibility: Minimum 18 years old on the day of KYC file submission
- Withdrawal Eligibility: maximum 50 UNICASD or equivalent per month
- Requirements: a photo of your national ID card or passport (not expired for the next 90 days), a photo of you holding it (today).
- Verification Fee: 0.00 UNICASD
- Verification Process: 1-21 days
- KYC Validity: 10 years plus verification process
- A member will be sanctioned or penalized if fraud or fake document is found at any time.
Level 2: Residential Address
- Withdrawal Eligibility: maximum 100 UNICASD or equivalent per month
- Requirements: KYC Level 1 valid for at least the last 90 days, a photo of a current bank statement (not older than 9 months), a photo of you holding it (today). Your name and home address is clear on the bank statement paper.
- Verification Fee: 5.00 UNICASD
- Verification Process: 3-28 days
- KYC Validity: 10 years plus verification process
- A member will be sanctioned or penalized if fraud or fake document is found at any time.
Level 3: Micro-Enterprise
- Withdrawal Eligibility: maximum 500 UNICASD or equivalent per month
- Requirements: KYC Level 2 valid for at least the last 90 days, several photos of your micro-business proof (depending on your country)
- Verification Fee: 50.00 UNICASD
- Verification Process: 7-42 days
- KYC Validity: 10 years plus verification process
- A member will be sanctioned or penalized if fraud or fake document is found at any time.
Level 4: Small Enterprise
- Withdrawal Eligibility: maximum 1,000 UNICASD or equivalent per month
- Requirements: KYC Level 2 valid for at least the last 120 days, several photos of your small business proof (depending on your country)
- Verification Fee: 100.00 UNICASD
- Verification Process: 7-42 days
- KYC Validity: 10 years plus verification process
- A member will be sanctioned or penalized if fraud or fake document is found at any time.
Level 5: Medium Enterprise
- Withdrawal Eligibility: maximum 50,000 UNICASD or equivalent per month
- Requirements: KYC Level 2 valid for at least the last 150 days, several photos of your medium business proof (depending on your country)
- Verification Fee: 200.00 UNICASD
- Verification Process: 7-42 days
- KYC Validity: 10 years plus verification process
- A member will be sanctioned or penalized if fraud or fake document is found at any time.
Level 6: Macro-Enterprise
- Withdrawal Eligibility: maximum 100,000 UNICASD or equivalent per month
- Requirements: KYC Level 2 valid for at least the last 180 days, several photos of your macro-business proof (depending on your country)
- Verification Fee: 400.00 UNICASD
- Verification Process: 7-42 days
- KYC Validity: 10 years plus verification process
- A member will be sanctioned or penalized if fraud or fake document is found at any time.
All rules could be modified if the annual GDP dramatically changes.