WHAT IS KYC

Know Your Customer standards are designed to protect institutions against fraud, corruption, money laundering and terrorist financing. KYC involves several steps to: establish customer identity; understand the nature of customers' activities and qualify that the source of funds is legitimate.

1. Customer security takes precedence with Parenta Financial Services Limited. We commit to safety with the strictest protocols implemented to keep the integrity of our clients' data.

2. Parenta Financial Services Limitedimplements a series of KYC procedures that aim at securing our client's private and sensitive information as it delves into the financial industry's best practices and policies. Through the company's KYC protocol identity theft, money laundering, fraud, or terror activities are effectively kept at bay.

3. Parenta Financial Services Limitedoperates through a stringent Zero Tolerance basis. Fraudulent activities are duly documented with the trading account related to such subject to immediate closure and forfeiture. These safeguard our clients' personal data and financial transactions. Should a client fall short on completing the KYC procedures, their trading activities would be limited and will be prevented from withdrawing funds

IDENTIFICATION

Parenta Financial Services Limitedasks a document issued by a government authority with the client's photo on it for identification and control for the client's account and by full compliance AML laws.

The client also has to provide a municipal bill or any other document that includes the full name and the address. For example, a bank statement or a certificate or any kind of bills that include personal information. It must be less than 2 months old.

Parenta Financial Services Limitedrequires a signed application. If the client makes any changes in his/her personal information, he/she is asked to inform the company about it. If the document isn't in English it must be translated into English by an official translator and this copy must be signed by this translator and delivered with other attached documents with a photo of the client.