CleverCards is an e-money distributor, and as such is subject to anti-money laundering regulations which aim to combat money laundering and terrorist financing by EU member states.
The anti-money laundering regulations require CleverCards to 'Know Your Business’ (KYB) and as part of this process, we are obliged to source significant levels of information to verify the identity of our clients (KYC, Know Your Customer)
These regulations are very specific and clearly state the level of information CleverCards need to collect from new customers.
The information we are requesting are therefore dictated by the legislation and not decided by CleverCards.
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