Individual Verification Overview
Mesh requires every customer to be verified in accordance with the Anti-Money Laundering and Anti-Terrorism Financing regulations as implemented world-wide and per jurisdiction.
The regulations generally contain a number of control measures aimed at facilitating the detection and investigation of money laundering and terrorist financing and imposes specific responsibilities on financial institutions that relate to commencing a business relationship with a customer as well as maintaining it during the lifecycle of the business relationship with them.
This includes the requirement to “Know Your Customer” (KYC), requiring Mesh to establish and verify the identity of all customers prior to establishing a business relationship or concluding a transaction with them.
For Individuals, we need to establish and verify the following information
- Your personal information
- Your physical address
- Source of funds and source of wealth
- Prominent Person Declaration
All information submitted is governed by the relevant privacy regulations per jurisdiction including the General Data Protection Regulations (GDPR) or whichever is more stringent.
Note: At this point, we only support registration and verification for individuals who are citizens or residents of the Republic of South Africa and companies that are registered in the Republic of South Africa.
Should you require more information, please do not hesitate to contact us on compliance@meshtrade.co