Last updated: 4 June 2026
XFortuit's KYC (Know-Your-Customer) policy is crafted to ensure our adherence to relevant laws and regulations and to safeguard against the misuse of our services by third parties. Our dedication to understanding our clients enables us to deliver top-notch services while upholding the trustworthiness of our business and the financial sector as a whole.
Verification Procedure
The KYC procedure initiates once a client expresses their desire to open an account with us. We collect and validate client details, including their name, address, date of birth, occupation, source of income, and other pertinent information. Additionally, we mandate that clients furnish us with appropriate documentation as evidence of their identity and residential address, such as a passport, ID card, or driver's license.
In the case of corporate clients, we require supplementary business particulars, encompassing the business name, registered address, registration number, administrator and beneficial owner data, along with other relevant documents.
Verification Deadlines
Account verification must be completed before withdrawals can be processed. We encourage clients to complete verification immediately after registration; accounts that remain unverified may be subject to restrictions on deposits, trading activity and account features until the verification process is concluded.
Additional Authentication
Furthermore, we may undertake supplementary authentication procedures to ascertain the accuracy of information supplied by customers. This might entail a credit check or an examination of publicly available data sources like government records.
Enhanced Due Diligence
Enhanced due diligence applies in higher-risk situations, including clients connected to higher-risk jurisdictions, politically exposed persons, unusually large transaction volumes, or circumstances where the source of funds requires further substantiation. In such cases we may request additional documentation — such as bank statements, proof of source of wealth or corporate records — before providing or continuing to provide services.
Ongoing Monitoring and Re-Verification
KYC is not a one-time event. We engage in ongoing monitoring of our clients' transactions to identify any suspicious or abnormal activities, and we periodically review client records to ensure they remain accurate and current. Clients may be asked to re-submit documents when identification documents expire, when personal details change, or when a periodic review requires it. Should we detect any suspicious activity, we have the capability to suspend the account and initiate contact with the client for further clarification.
Our Commitment
Our commitment to KYC serves as a pivotal component of our commitment to upholding integrity and trust in our financial services. By complying with pertinent regulations and ensuring the precision and integrity of our customers' information, we can furnish high-quality services that cater to the requirements of our clients and the broader marketplace.