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  • Introduction
    • Unique features and benefits
    • Target user demographic
  • Getting Started
    • User Dashboard
  • Account Verification
    • Level 1: Unverified Account
    • Level 2: Verified Account
    • Level 3: AML Verification
    • Required Documentation for Each Level
  • Main Features
    • Issuance of Virtual and Physical Cards
    • Non-Custodial Payments and Purchases
    • Cross-Border Transfers (SWIFT, IBAN)
    • P2P Transfers
    • Currency Exchange
    • Multi-Currency Card Management
  • How to use
    • Adding and Managing Cards
    • Connecting to Decentralized Wallets
      • The Role of XFI
  • Support
    • Common Issues and Resolutions
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  • Process
  • Access
  • Turnaround Time
  1. Account Verification

Level 3: AML Verification

Process

  1. Proof of Funds: Users must provide documentation proving the source and legitimacy of their funds. This can include bank statements, pay slips, or other relevant financial documents.

  2. Video Conference: A scheduled video call with a CrossFi representative is required to verify the user's identity, discuss the source of funds, and address any issues in submitted documents.

  3. Document Verification: Additional documentation might be requested, such as a utility bill or bank statement for address verification.

Access

  • Unrestricted access to the account.

  • No spending limit, catering to high-volume users and businesses.

Turnaround Time

  • CrossFi aims to swiftly process all Level 3 Verifications, however, being the most comprehensive verification level, it can take several days to complete.

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Last updated 1 year ago