KYC Verification Levels

Swipelux supports three tiers of identity verification. The right tier depends on customer risk, jurisdiction, and expected transaction volume.

Simplified KYC

Simplified KYC is used for approved low-risk, low-value flows.

Required Information:

First name
Last name
Date of birth

When it's used:

Transaction amounts are below simplified thresholds
Low-risk jurisdictions

Simplified KYC keeps low-risk flows lighter while still collecting the information needed for basic compliance.

Standard KYC

Standard KYC verifies identity with a government-issued document and liveness check.

Required Documents:

Government-issued ID (passport, driver's license, or national ID card)
Selfie for liveness check

Process:

Create customer via API
Initiate KYC verification
Customer completes verification via provided URL
Status updates automatically upon completion

Accepted ID Documents:

Document Type	Code
Passport	`passport`
Driver's License	`drivers_license`
National ID Card	`id_card`

Enhanced KYC (Enhanced Due Diligence)

Enhanced KYC adds document review for higher-risk scenarios.

Required Documents:

Everything from Standard KYC, plus:
Proof of address (utility bill, bank statement dated within 90 days)
Proof of funds (bank statements, pay stubs, tax returns, or other documentation)

Triggers for Enhanced KYC:

Transaction volume exceeds standard thresholds
High-risk jurisdiction
Compliance team flag based on risk assessment
Regulatory requirements

Proof of Address Requirements

Document Type	Requirements
Bank Statement	Issued within last 90 days
Utility Bill	Electricity, gas, water, internet - within last 90 days
Government-Issued Letter	Tax notice, official correspondence - within last 90 days

Proof of Funds Requirements

Document Type	Description
Bank Statements	Recent statements showing sufficient balance/income
Pay Stubs	Employment income verification
Tax Returns	Annual tax documentation
Investment Statements	Brokerage or retirement account statements

Enhanced KYC document requests are currently handled by the compliance team through the customer's registered email address. The customer's status shows under_review during this process.