As a Financial Institution, OKEO must prevent financial crime and properly implement anti-fraud measures and international sanctions. As part of fulfilling these requirements, Financial Institutions apply the Know-Your-Customer (KYC) principle, which is recognized worldwide.
We have to collect certain information determine Customer’s payment habits and sources of revenue in order to be able to respond to irregular activities related to payment transactions executed by a Customer. Financial Institutions must constantly check and update this information. Therefore, we regularly request that Customers provide and/or update KYC information (e.g., KYC surveys, questionnaires, etc.) and documents supporting payment transactions.