KYC Policy

Wealthwords.com is operated by WWAABBC B.V..

When a user makes an aggregate lifetime total of deposits exceeding USD 2000 or requests a withdrawal of any amount at Wealth Words, they are obliged to undergo a full KYC procedure, wherein the user shall submit some basic details about themselves and then upload the files listed below:

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

Additionally, in order to enable withdrawals from the user's account, they must also submit the following:

• Both sides of the credit card used for depositing, in color. We only need the 6 first and the 4 last digits of the credit card number. The CVV and the intermediate digits of the card number can be hidden.
• Proof of address (Utility, Medical or Delivery Bill or any official document with full name, address, and date, provided it has been issued within the past 2 months).
• Account Validation form (including Credit Card Validation and Banking Validation).

The KYC Team undertakes to contemplate the documents within 2-3 business days and email the user about the verification outcome.

Guidelines for Identity Verification

• Proof of ID
• Full Name matches client's name
• Document does not expire in the next 2 months
• Owner is over 18 years of age

• Proof of Residence
• Bank Statement or Utility Bill
• Full Name matches client's name and is same as in proof of ID.
• Date of Issue: In the last 3 months

• Holder is the same as in the ID document above
• ID document is the same as in “1”. Make sure photo/ID number is the same

Notes on the KYC Process

• When the KYC process is unsuccessful, the reason is documented with an explanation and is communicated back to the user.
• Once all proper documents are in our possession, the account gets approved.

Other AML measures

• If a user does not provide the aforementioned documents upon request, restrictions shall be applied to their account.
• If a user has passed the KYC process successfully the following rules apply:
• Prior to any withdrawal there is a detailed algorithmic and manual check on the activity and balance of the user to see if the amount withdrawn is a result of proper activity in the platform.
• Under no circumstances may a user transfer funds directly to another user.