KYC, also known as “Know Your Client”, is a mandatory process that financial institutions and businesses go through when opening or maintaining accounts for clients. This process became official in Canada in 1991 and it exists in many other countries, like the United States, Japan, and Singapore. Companies can assess risk and fulfill legal requirements under anti-money laundering laws with the process. The process includes researching a customer's identity, financial activities, and level of criminal risk.

What will FrontFundr ask you in our KYC process?

We will ask you to verify a number of items that help us not only verify your identity, but also help with selecting investments that will help you achieve your financial goals.

Items that we ask you to provide include name, address, age, investor status, financial asset information, employment status, and risk tolerance. All of this allows us to comply with KYC regulations as well as help you find investments that are aligned with your long-term goals.