Funshell 方貝
Hong Kong crypto OTC compliance and review
Review is not based on one amount alone. Requirements depend on payment method, transaction circumstances, customer information and risk assessment.
Identity and transaction information
- ✓ Valid identity information and contact details
- ✓ Asset, direction, amount and purpose
- ✓ Payment, payout and wallet information
Risk assessment may consider
- ✓ Whether funds or asset source can be explained
- ✓ Whether activity matches customer information
- ✓ Whether wallet activity presents risk indicators
Data and safety principles
- ✓ Collect only information needed for review and service
- ✓ Retain necessary records under applicable policy
- ✓ Never request private keys, seed phrases or verification codes
FAQ
At what amount is KYC required?
There is no single answer for every situation. Requirements are confirmed case by case.
Why might source information be requested?
The store needs to understand the transaction background and complete the appropriate risk assessment.
Does review require a seed phrase?
No. No compliance review requires a private key, seed phrase, password or verification code.