Versions:

July 24, 2024, in San Francisco, CA, USA

August 26, 2024, in San Francisco, CA, USA

September 4, 2024, in San Francisco, CA, USA

Last Edit:

January 22, 2025, in San Francisco, CA, USA

Know Your Customer

In an increasingly global economy, financial institutions are more vulnerable to illicit criminal activities. Know Your Customer (KYC) standards protect them against fraud, corruption, money laundering, and terrorist financing.

KYC involves several steps:

• establish customer identity;
• understand the nature of customers’ activities and qualify that the source of funds is legitimate; and
• assess money laundering risks associated with customers.

Treeing’s KYC Policies

As a global team with a presence in multiple jurisdictions, the TR3 team is often legally required to collect customer information and identities.

• Treeing’s KYC policies adhere to its Privacy and Terms of Service
• Treeing’s infrastructures and services are separated into different geographic and judicial regions to maintain compliance with local laws and regulations
• Treeing DOES NOT sell its data.
• Treeing only transmits its data across different geographic regions for specific purposes including but not limited to scenarios such as … … “A Guest user from the EU wants to reserve a hotel room in the United States”, or … “Region X data center is experiencing a power outage, there’s no alternative data storage facility within the same region”
• TR3 adheres to United States OFAC’s sanction programs.

Treeing’s KYC requires

| Item # | Item Name | Format | Personal Identifiable Information? | Admin Manual Review? | | --- | --- | --- | --- | --- | | 1 | Full legal or business name | Digital Typing | Yes | Yes | | 2 | Agreement to Treeing Terms | Digital Check | No | No | | 3 | Agreement to Treeing Policies | Digital Check | No | No | | 4 | Digital Signature | Digital Check | No | No | | 5 | Phone | Digital Typing | Depends on jurisdiction | Yes | | 6 | Email | Digital Typing | Depends on jurisdiction | Yes | | 7 | Entity Declaration | Digital Check | No | Yes | | 8 | Hosting Experience | Digital Typing/ Digital Check | No | Yes | | 9 | Expected Usage | Digital Check | No | Yes | | 10 | Personal or business ID | File Upload | Yes | Yes | | 11 | Taxpayer Identification Number | Digital Typing | Yes | Yes | | 12 | Business Email | Digital Typing | Depends on jurisdiction | Yes |

Treeing’s KYC procedure

Step 1: