KYC

PrimeHolders has put in place policies and procedures in relation to customer due diligence and monitoring, among others. However, the exact policy is not prescribed in detail on how firms have to do this. Firms’ practices will vary depending on the nature of the money-laundering risks they face and the type of products they sell.

The objective of PrimeHolders’s tiered KYC onboarding procedure is to ensure and implement a flexible risk based approach, meeting the needs of the clients taking into consideration their context. We aim to have strong policies of customers authentication and fraud prevention.

We will implement robust and fair KYC policies, automating input processes where possible ensuring efficient procedures, enabling financial inclusion, yet mitigating money laundering risks.

TIER 1
  • withdrawal authorisation 2 business days
  • 6 month expiration date for KYC status

  • Photo ID
  • Picture with photo ID
  • Proof of address

  • Verify documents with an integrated third party provider.
  • OFAC check, sanctions/politically exposed persons PEP.
  • Xsctock

  • Deposit: €5k (fiat)
  • Withdraw: €5k (fiat)
  • Deposit Crypto: No limit
  • Withdraw Crypto: €5k

  • Deposit: €20k (fiat)
  • Withdraw: €20k (fiat)
  • Deposit Crypto: No limit
  • Withdraw Crypto: €50k

TIER 2
  • Withdrawal authorisation 2 business days
  • 6 month expiration date for KYC status

  • Additional different photo ID
  • Additional different proof of address

  • Verify documents with an integrated third party provider.
  • OFAC check, sanctions/politically exposed persons PEP.

  • Deposit: €20k (fiat)
  • Withdraw: €20k (fiat)
  • Deposit Crypto: No limit
  • Withdraw Crypto: €20k

  • Deposit: €80k (fiat)
  • Withdraw: €80k (fiat)
  • Deposit Crypto: No limit
  • Withdraw Crypto: €80k

TIER 3

Procedure for KYC of High Net Worths and Self-Certified

Sophisticated Investors

  • Personal Information
  • Signed Declaration
  • Proof of net worth
  • Signed Declaration and Terms and Conditions

  • Personal Information
  • Signed Declaration
  • Proof of sophisticated investor
  • Signed Declaration and Terms and Conditions

  • Employment Contract, or
  • Bank Statements, or
  • Other proof

  • Syndicate of Business Angels, or
  • Made Investment in The Last 2 Years, or
  • Worked in Private Equity, or
  • Was a Director of a Company Turning Over £1,000,000

  • Proof of net worth over £250,000 excluding first home.

  • Deposit: Bespoke (fiat)
  • Withdraw: Bespoke (fiat)

  • Deposit: Bespoke (fiat)
  • Withdraw: Bespoke (fiat)

TIER 4

The corporate tiered verification is the highest available of PrimeHolders, extensive background check will be conducted on corporate bank accounts, managers, and ultimate beneficial owners, therefore, requiring us to gather larger amounts of information provided by the corporate wishing to use PrimeHolders’s digital asset exchange. Some required information will need to be uploaded and other information will need to be filled out on our website in text fields and drop downs.

Corporate Account Holder details

  • Certification of Incorporation
  • AML questionnaire
  • Annual Return (company directors and beneficial shareholders of the last fiscal year)
  • Recent Bank Statement to Company at The Company’s Address
  • Identification of UBO & Sources of Funds
  • Signed Certification

  • Deposit: Bespoke (fiat)
  • Withdraw: Bespoke (fiat)

  • Deposit: Bespoke (fiat)
  • Withdraw: Bespoke (fiat)