C-Legal & Compliance
What are the KYC requirements?
Know Your Client (KYC) is a regulatory requirement that mandates the verification of customers' identity and financial profile.
Updated 07 December 2023
What documents should I submit for KYC?
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Updated 19 February 2024
Why am I required to submit KYC?
It is necessary for us to provide you with our services. Any financial institution offering an investment platform must comply with the regulators. More details are mentioned in the subscription agreement, but the key point is, "By subscribing, applicants consent to the disclosure by the Company of any information about them to regulators and others upon request in connection with money laundering and similar matters both in the Cayman Islands and in other jurisdictions." This means that we collect all the information required to identify and verify that investors and the money invested on our platform are legitimate income (not proceeds of a crime and not invested for money laundering, terrorist financing, or sanction evasion).
Updated 05 December 2023
What happens if my KYC is not approved after I have already invested?
In principle, you are not allowed to invest until your KYC is completed and approved, as this is a regulatory requirement for us to provide you with our service. If your KYC is not approved after you have already invested, we are obligated to refund your money to the original account from which we received it. Your account manager will notify you regarding the timeline for the refund.
Updated 05 December 2023
Can I sign the Subscription Agreement if my KYC is not approved yet?
Yes, you can sign the Subscription Agreement. In fact, it is a requirement to send us your signed Subscription Agreement along with your KYC documents to confirm your interest in becoming our valued customer.
Updated 05 December 2023
What type of agreement does Tawaref use?
1. Syndicate Investors will sign a Shareholders' (Services) Agreement (Template) - the name of the agreement to be confirmed. 2. Direct Investors will sign a SAFE note directly with startups - on a case-by-case basis
Updated 05 December 2023