KYC Policy of PORSCHE88.LIVE

Last updated: April 10, 2025

 

The Company adheres to and complies with “Know your customer” principles, which aim to prevent financial crime and money laundering through client identification and due diligence.

The Company reserves the right, at any time, to ask for any KYC documentation it deems necessary to determine the identity and location of a user in porsche88.net. We reserve the right to restrict the service, payment, or withdrawal until identity is sufficiently determined, or for any other reason in our sole discretion based on the legal framework.

We take a risk-based approach and perform strict due diligence checks and ongoing monitoring of all clients, customers, and transactions. As per the money laundering regulations, we utilize three stages of due diligence checks, depending on the risk, transaction, and user type.

SDD — Simplified due diligence is used in instances of extremely low-risk transactions that do not meet the required thresholds

CDD — Customer due diligence is the standard for due diligence checks, used in most cases for verification and identification

EDD — Enhanced Due Diligence is used for high-risk customers, large transactions, or special cases.

 

Separately and in addition to the above, when a user requests a withdrawal of any amount inside porsche88.net, or attempts to complete a transaction that is deemed suspicious, then it is compulsory for them to complete the full KYC process.  

During this process, the user will have to input some basic details about themselves and then upload

• A copy of the Government Issued Photo ID (in some cases front and back depending on the ID document)
• A selfie of themselves
• A bank statement/Utility Bill

 

Guideline for the “KYC Process”

• Proof of ID
  1. Signature Is there
  2. The country is not one of the Restricted Countries described in the AML policy and T&C.
  3. Full Name matches the user’s name
  4. The document does not expire in the next 3 months
  5. The owner is over 18 years of age

 

• Proof of Residence
  1. Bank Statement or Utility Bill
  2. The country is not one of the Restricted Countries described in the AML policy and T&C.
  3. The full name matches the user’s name and is the same as in the proof of ID.
  4. Date of Issue: In the last 3 months