When a user makes an aggregate lifetime total of deposits exceeding EUR 2000 or requests a withdrawal of any amount inside the https://www-777pnl.com.ph Platform, then they must perform a complete KYC process
During this process, the user will have to input some basic details about themselves and then upload
- 1) A copy of the Government Issued Photo ID (in some cases front and back, depending on the doc)
- 2) A selfie of themselves holding the ID doc
- 3) A bank statement/Utility Bill
Once uploaded, the user will get a “Temporarily Approved” Status, and the documents will now be on our side. The “KYC Team” will have 24 hours to go over them and email the user about the outcome:
- – Approval
- – Rejection
- – More information needed – No Change in Status
When the user is on “Temporarily Approved” Status, then
- – They can use the platform normally
- – They cannot deposit more than EUR 500 in aggregate total
- – They cannot complete any withdrawal.
Guideline for the “KYC Process”
1) Proof of ID
- a. Signature: Is there
- b. Country is not a Restricted Country: United States of America and its territories, France and its territories, Netherlands and its territories and countries that form the Kingdom of Netherlands including Bonaire, Sint Eustatius, Saba, Aruba, Curacao and Sint Maarten, Australia and its territories, United Kingdom of Great Britain, Northern Ireland, Spain, Austria and Cyprus.
- c. Full Name matches client’s name
- e. Document does not expire in the next three months
- f. Owner is over 18 years of age
2) Proof of Residence
- Bank Statement or Utility Bill
- The country is not a Restricted Country: United States of America and its territories, France and its territories, Netherlands and its territories and countries that form the Kingdom of Netherlands including Bonaire, Sint Eustatius, Saba, Aruba, Curacao and Sint Maarten, Australia and its territories, United Kingdom of Great Britain, Northern Ireland, Spain, Austria and Cyprus.
- The full name matches the client’s name and is the same as the proof of ID.
- Date of Issue: In the last three months
3) Selfie with ID
- The holder is the same as in the ID document above
- ID document is the same as in “1”. Make sure the photo/ID number is the same
Notes on the “KYC Process”
- 1) When the KYC process is unsuccessful, the reason is documented, and a support ticket is created in the system. The ticket number and an explanation are communicated back to the user.
- 2) Once all proper documents are in our possession, the account is approved.
“Other AML measures”
- 1) If users have not passed full KYC, they cannot make additional deposits or withdrawals.
- 2) If a user has passed the KYC process successfully, then
- There is a deposit limit per transaction (max EUR 2,000)
- Before any withdrawal, there is a detailed algorithmic and manual check on the activity and balance of the user to see if the amount withdrawn is a result of proper activity on the platform.
- Under no circumstances may a user transfer funds directly to another user.
