KYC Policy

TYPERIUM Know Your Client (“KYC”) Policy

Last updated: May 23, 2018


TYPERIUM is committed to prevent the use of TYPE tokens and TYPERIUM products and services for illegal purposes. This TYPERIUM Know Your Client Policy (“KYC”) Is a key component in the program to prevent and detect money laundering, terrorist financing, fraud, identity theft and other illegal or prohibited activities.

KYC is an ongoing, risk‐analysis based process of identifying the participant of TYPERIUM token sale and/or Contribution (the “Participants​”, “you​”, “your” or “yours” as applicable) and verifying the Participant’s identity on the basis of documents, data and/or information in order to detect suspicious activities according to AML/CTF regulation and to meet other legal and regulatory obligations. The KYC process further determines the Participant’s residence and/or location. The KYC process is for the purposes of maximizing security and preventing fraud and is in Your best interest.

TYPERIUM may introduce, maintain, modify verification levels (e.g. basic account, advanced account, etc.) based on the information and documents you have provided. Such ranking may affect the amount of TYPE Tokens you can purchase and/or Contribute for and may also affect your rights to withdraw TYPE Tokens.

You shall provide the following information to TYPERIUM upon registration your:

  • full name (for legal entities, partnerships, foundations or trusts (‘​legal entity​’) - full name of the Participant’s representative and the legal entity name);
  • email address; and
  • country of residence.

Other information may be required and Typerium may further require submission of additional information to a 3d party KYC service provider.

By agreeing to the TYPERIUM Terms of Use (the“​Terms​”) you will further certify that:

  • Your name (and your business name - for legal entities) and country of residence are true and correct and you do not use false identity, impersonate another person or otherwise are involved in the prohibited practices (as defined in the Terms);
  • You have full power and authority to enter into the agreement with TYPERIUM;
  • the Participant, who is an individual, is the owner of his/her payment account and the ultimate beneficial owner of the purchased or Contribution for the TYPE tokens;
  • You or the legal entity you represent do not reside in any of the restricted territories (as defined in the Terms).

After you become a registered participant and purchase or Contribute for TYPE Tokens you will be able to complete the KYC process in the ‘Verification’ section of your dashboard by uploading the KYC documents and filling in or updating certain data about yourself, such as:

  • Your postal address;
  • Your date of birth;
  • Your phone number; and,  
  • any other information requested by TYPERIUM to complete the review.

At any time and at its sole discretion TYPERIUM may request via email and/or your account dashboard:

  • the Participant’s proof of identity;
  • the Participant’s proof of address;
  • the Participant to perform online video verification.

The proof of identity document must be one of the following valid government issued photo ID:

  • international passport (data pages with photo);
  • national ID card (both sides, with photo only);
  • permanent driver’s license (both sides, with photo only).

The proof of address document must be one of the following document no more than 3 months old and specifying Your full name and address:

  • utility bill, including electricity, water, gas, landline phone), Internet provider service or cable TV bill;
  • bank statement;
  • tax return accepted by the tax authority;
  • property tax bill;
  • election/Voters ID;
  • official government letters.

You must ensure that the scans of the documents are of high quality and that the edges of the documents are clearly visible.

In the event the Participant is a legal entity it may be additionally requested to provide:

  • its formation documents;
  • information sufficient for TYPERIUM to determine the legal entity’s good standing, the authority of the Participant’s representative to act on its behalf, as well as the representative’s identity;
  • information and documents sufficient for TYPERIUM to identify and verify the beneficial owner, including, the ownership and control structure of that legal entity and the KYC information and documents regarding the beneficial owner.

In certain cases (including, but not limited to when the Participant’s transactions has reached a certain threshold determined by TYPERIUM; in case of suspicious activity or doubts of veracity or adequacy of provided information and documents; or when TYPERIUM has suspicion or information that the Participant has been involved or might be involved in illegal or prohibited activities) TYPERIUM, at its sole discretion, may request you to provide:

  • your source of funds information and information on the level of legitimate income, including but not limited to copy of a recent credit / debit / bank account statement (should be no more than 3 months old);
  • certain documents to be certified by a notary public, and/or
  • two forms of identification, both of which must be government issued and contain a picture and signature.

The source of fund documents shall provide evidence that identifies the actual source(s) of funds that you used to purchase/Contribute TYPE Tokens and that it conforms with and can substantiate your buying activity. The source of funds information may be in the form of:

  • proof of earnings (e.g. pay slip/director remuneration/dividends/pension);
  • a bank statement/savings account that clearly shows consistent incoming values from an identifiable source;
  • a trust deed clearly showing a consistent entitlement to funds;
  • dated proof of an award/payment made to you; or
  • other clear evidence that would support “affordability” with respect to your purchasing/Contribution activities with TYPERIUM.

TYPERIUM will refuse to enter into and/or continue relationships and/or conduct transactions with a Participant who does not provide requested information and documents or provides false, inconsistent or conflicting information where the inconsistency or conflict cannot be resolved after reasonable inquiry.

TYPERIUM may suspend your account, the TYPE Tokens will not be distributed to you or you will not be able to access/withdraw your TYPE Tokens until TYPERIUM is able to obtain the requested information and/or documentation and the KYC process is completed satisfactorily. If you do not complete the KYC identification or verification your funds will be returned to you subject to the provisions of the Terms, this KYC Policy and applicable laws.

If as the result of the KYC measures it appears that you:

  • have not supplied requested information and/or documentation to TYPERIUM and/or if TYPERIUM is unable to satisfactorily identify you and/or verify your source of funds (when requested) within a reasonable time-period, determined by TYPERIUM;
  • are a resident of restricted territory (as defined in the Terms);
  • are underage or is not eligible to enter the agreement with TYPERIUM;
  • have used representatives, relatives, associates, affiliates, related parties, connected persons and/or other third parties to purchase TYPE token on your behalf; and/or
  • Have been directly or indirectly participating in any form of prohibited practices or other activities that TYPERIUM considers to constitute a misuse of its offer or breach of its terms;

TYPERIUM, shall be entitled to, as may be applicable and its sole discretion:

  • return you your funds, unless they must be withheld or forfeited due to the Terms or applicable law or regulation;
  • suspend or close your account with TYPERIUM;
  • terminate the Agreement (the Terms) with you; and/or
  • report any criminal or suspicious activities to the appropriate authorities, if so required by law.

TYPERIUM may use subcontractors to perform certain KYC functions.