KYC/AML Policy
For Retail Users
DeFi Lane: No KYC is required for users interacting strictly with the decentralized liquidity pools (Polymarket/Limitless) via self-custodial wallets, subject to geo-blocking checks.
US Regulated Lane: Full KYC (Level 1) is required. This includes identity verification (Government ID, Selfie) processed by our third-party partner (e.g., Sumsub or Persona) before any deposit is permitted.
For Corporate Clients (OBCD)
Corporate clients purchasing Oracle-Bonded Corporate Derivatives must undergo rigorous Know Your Business (KYB) verification. This is necessary because OBCD premiums often exceed $100,000 and involve fiat banking rails.
Required Documentation:
Certificate of Incorporation: Proof of legal existence.
Ultimate Beneficial Owner (UBO): Identification of all individuals owning >25% of the entity.
Source of Funds: Financial statements or bank letters attesting that the funds used for premiums are not derived from illicit activities.
Sanctions Screening: Continuous monitoring of the entity and its directors against global sanctions lists (OFAC, UN, EU).
Approval Process: Once documents are submitted via the FaaSFi Corporate Portal, the Compliance Team reviews the application (typically 24-48 hours). Upon approval, the corporation receives a dedicated Sub-Account and API credentials for high-frequency hedging.
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