Yes, there will be KYC where personal information will be required, such as first and last name, gender, date of birth, nationality, country of residence, passport number and a scan of the passport will be required.

Why do we require a KYC process?

The Know Your Client form is a standard form in the investment industry that ensures investment advisors know detailed information about their clients’ risk tolerance, investment knowledge and financial position. The aim of KYC is also to prevent theft, fraud, terrorist financing and money laundering. It helps us ensure that our clients are not involved in any of the above, hence the service provider won’t get in trouble with the regulators.

In addition, the Little Phil Coin ICO is being issued from Singapore. The KYC / AML for larger investors is needed to be totally within the local regulations and laws.

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