What are the current KYC and AML processes that are conducted by Diamond Pigs?

What are the current KYC and AML processes that are conducted by Diamond Pigs?

Our KYC process involve the following steps:
  1. Validation of Email address
  2. Validation of the mobile phone number using SMS verification,
  3. Providing user's address details (home address). We do compare the country code of the mobile phone and the country provided, although this is not a 100% check, we use this to be reasonably sure we provide the right VAT tax tariff for our invoices (which depends on the country our customers live).

Our AML/CDD process involves:
  1. Guarantee that the funds we manage for users do not originate from money laundering (we only ask this, but do not have the means to check this at this point),
  2. Stating if the customer is a “US person” (either by having a US citizenship or permanent resident card). 

We are working with Digidentity ( https://www.digidentity.eu/en/ ) to conduct additional, optional KYC and AML processes - as a preparation for MiCAR Regulation that will be introduced in the future. We believe KYC/AML/CDD is an important process, so we implemented a number of processes during our onboarding already. The optional KYC and AML processes that are conducted by Digidentity involves:
  1. Checking the identity of the customer against databases for PEP (Politically exposed persons), sanctions, and Interpol (using the services of Digidentity),
  2. Stating if the customer is a “US person” (either by having a US citizenship or permanent resident card).
  3. Validation of identity. Users can provide their ID card or passport which is then validated by Digidentity against a number of databases,
Currently, it's not mandatory for our users to go through the digital identity verification with Digidentity. 

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