Businesses are evolving in the digital era where fraud and crime have many faces. Gone are the days when customers were the only source of risk for the businesses and the businesses were bound by the only customer due diligence regulations.
The risk is coming from all the stakeholders of a company and proactive risk prevention is inevitable. The stakeholders of businesses include customers, merchants, investors, employees, shareholders, partners, etc.
All these entities affect businesses in one way or the other. So it is significant to perform due diligence on all the stakeholders to differentiate between an opportunity and risk.
KYC/KYB procedures and regulations have been implemented to the businesses to reduce the risk of crimes. The crimes that are controlled with compliance are identity fraud, money laundering, terrorist financing, fake merchant fraud, shell companies, etc.
Mantera completes ongoing KYC/KYB/AML for all clients and transactions due to the nature of the asset class. Mantera may at any time request additional information in order to process your request.
Please provide us with the requested documents in order to process your transaction.