🔒Compliance and Security

At Glimmer Finance, ensuring compliance with global regulatory standards and maintaining the security of our users and platform is a top priority. By adhering to robust Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, Glimmer Finance provides a secure and trusted environment for all participants while preventing fraud, money laundering, and other illicit activities.

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KYC/AML Requirements

To meet these standards, Glimmer Finance has partnered with Parallel Markets, a trusted KYC/AML provider. Their advanced technology ensures fast, accurate, and secure identity verification for users and asset owners, while adhering to local and international regulations.

For Users

1. Identity Verification:

   • Users must submit government-issued identification (e.g., passport or driver’s license) to confirm their identity.

   • Parallel Markets’ system automatically validates these documents to streamline the process.

2. Proof of Address:

   • Users are required to submit proof of residence, such as a utility bill or bank statement, to verify their location.

3. Ongoing Monitoring:

   • KYC processes are not one-time events. Parallel Markets continuously monitors accounts for any suspicious activity or red flags, ensuring the prevention of fraud or illegal practices.

4. Compliance with AML Laws:

   • The platform adheres to anti-money laundering regulations by tracking the source of funds and ensuring that only legitimate financial activities occur.

For Asset Owners

1. Enhanced Due Diligence:

   • Asset owners undergo additional verification to validate ownership and ensure the tokenized asset complies with local laws.

2. Asset Documentation:

   • Proof of asset ownership, such as title deeds or legal certificates, and official valuations must be submitted before tokenization.

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Why Compliance and Security Matter

• Fraud Prevention: Robust KYC/AML checks minimize the risk of fraudulent activity, ensuring a secure marketplace.

• Global Regulatory Adherence: Glimmer Finance complies with both local and international laws, building trust with users and regulators.

• Secure Data Handling: All data collected during the verification process is handled securely, ensuring user privacy and compliance with data protection standards.