- Why is KYC important?

Identity Verification is part of Know Your Customers(KYC). It is a standard business practice globally in the era of regulation within the investment industry. It’s a requirement from industry regulations to protect all stakeholders within the industry and it is in the best business interest of any investment firm or investor

If a business or issuer complies with Know Your Customer policies, they will reduce the financial risks of their business arrangements with particular clients. 

The importance of KYC is evident from the investor's point of view.

Although these rigorous checks can be a burdensome process for the investor, they create a secure and trustworthy environment to enable financial or investment activities with the company.