KYC / KYB Verification

WickiePay implements comprehensive Know Your Customer (KYC) and Know Your Business (KYB) processes for both end-users and merchants.

Two-Level Verification

Level	Who	Provider	Purpose
KYB	Merchants	SumSub	Verify the business entity and its UBOs
KYC	End-Users	SumSub	Verify individual customers of merchants

KYB — Merchant Verification

Every merchant onboarded to WickiePay undergoes KYB verification through SumSub.

What's Verified

Check	Description
Company Registration	Legal entity status and registration documents
UBO Identification	Ultimate Beneficial Owners (>25% ownership)
Director Verification	Identity verification of directors
Sanctions Screening	Company and individuals against sanctions lists
PEP Check	Politically Exposed Persons screening for UBOs
Business Activity	Verification of stated business model
Source of Funds	Origin of funds documentation

Risk Classification

After KYB, each merchant receives a risk classification:

Category	Criteria	Enhanced Due Diligence
Low	Regulated entity, EU/EEA, standard business	No
Medium	Non-regulated, moderate volume, mixed geography	Periodic reviews
High	High-risk jurisdiction, complex structure, crypto-native	Ongoing monitoring

Ongoing Monitoring

• Periodic Reviews — Annual re-verification for medium risk, semi-annual for high risk
• Adverse Media Monitoring — Continuous screening for negative news
• Transaction Monitoring — Unusual activity triggers compliance review

KYC — End-User Verification

Merchants' customers may require KYC verification depending on transaction thresholds and risk levels.

Verification Tiers

Tier	Requirements	Limits
Tier 1	Email + phone verification	Low transaction limits
Tier 2	Government ID + selfie	Standard limits
Tier 3	Proof of address + source of funds	Full limits

Integration

KYC can be integrated via SumSub's SDK:

// Initialize SumSub Web SDK for end-user KYC
const snsWebSdkInstance = SumsubWebSdk.init(
  accessToken,
  () => getNewAccessToken(),
  {
    lang: 'en',
    onMessage: (type, payload) => {
      if (type === 'idCheck.onApprovalEvent') {
        // User verified successfully
        handleVerification(payload);
      }
    }
  }
);

snsWebSdkInstance.launch('#sumsub-container');

Compliance Backoffice

The WickiePay Compliance Backoffice provides a unified view of all KYC/KYB data:

• Merchant Dashboard — All merchants with verification status and risk level
• End-User Dashboard — Customer verification status per merchant
• Alerts — Flagged verifications requiring manual review
• Audit Trail — Complete history of verification decisions

Data Retention

Data Type	Retention Period
KYB documents	5 years after relationship end
KYC documents	5 years after last transaction
Screening results	5 years
Transaction records	5 years

Next Steps

• Transaction Screening — AML/OFAC screening
• Travel Rule — FATF Travel Rule compliance