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KYC Requirements

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Standard Onboarding (USA, EEA, UK, AUS, Low Risk RoW)

  • Full name
  • Residential Address
  • Date of Birth
  • Nationality
  • Email
  • Phone
  • ID Document
  • Liveness check/Selfie (comparison of liveness vs image on passport or DL and verification of document)
Proof of Address (POA) - must be less than 3 months old. Required when:
  • Customer’s ID document country is different than residence country (except for EU citizens)
  • Residence Permit does not contain address information or it does not match customer’s provided address information
  • Customer is residing in high risk jurisdiction
  • Customer IP address is detected to be from high risk jurisdiction
SSN - required for US citizens or residents only
  • Use of product
  • Employment status
  • Source of Wealth
  • Annual Income
  • Monthly expected transaction count
  • Monthly expected transaction value

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High Risk Jurisdiction Onboarding and EDD (Limit Increase)

All of the Standard Onboarding requirements plus Enhanced Due Diligence:
  • Approximate net worth
  • Industry
  • Source of Wealth proof: bank statements, payslips, sale proceeds, or another document from the accepted document list
  • Proof of address
Yearly Limit: Unlimited but subject to review
Exception flows automatically trigger EDD workflow for customers residing in high-risk jurisdictions or customers residing in medium-risk jurisdictions who are aged 67 years or older. When this happens, Iron sets with_edd to true on the identification response automatically. See Tracking EDD Status for how to interpret this field.

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Appendix

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Questionnaire List

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Accepted ID Documents

  • Passport
  • National ID card
  • Driver’s License
  • Residence Permit

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Verification Standards

  • ID must be valid, readable, government-issued, and contain a person’s photograph
  • POA must be ≤ 3 months old
  • SoW proof must be one of the accepted documents in Source of Wealth
  • Liveness must match ID
  • Missing/inconsistent information may trigger additional review