Seamless Proof of Address Check via KYCAID

Proof of Address also known as Proof of Residence is an important stage of Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance procedures, with the person’s address being among the major identity verification attributes. At KYCAID, an online Proof of Address check takes no more than a few minutes.

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Documents for a Proof of address check

A range of documents can be used as the formal source for address verification. The following IDs and official papers can be used as they all hold the owner’s relevant information about the residence:

Utility bill

TAX assessment

Rental agreement

Bank statement

Mortgage statement

Government-issued documents

Process of Proof of Address check at KYCAID

The whole Proof of Address process consists of a couple easy steps:

Step 1

Provide a fitting document for the Proof of Address check:

Either upload the ID’s digital copy or photo;

Or take a photo of the paper right on the website via webcam.

Step 2

Document scanning

Once you click “Next”, the system automatically scans the document, analyzes the credentials it bears, and approves the ID’s address veritability based on a proprietary database.

Step 3

Take your Proof of address report

In an instant, you get a dedicated Proof of Address report that verifies that the real physical address of the person in question matches the stated address.

Why employ KYC
and Proof of Address?

The philosophy of Know Your Customer is about making sure you really know who you are dealing with and achieving a full level of transparency when implementing financial or asset transactions with clients, legal parties, and claimants of any sort.

KYC regulations are a set of anti-money laundering guidelines that outline the particular initiatives that help you get to better know your customer and protect transactions through all-around identification data verification.

This may include identity verification, proof of address check, source of funds check, age verification, in-depth corporate verification, liveness check, video verification, and other payment fraud prevention initiatives.

At KYCAID, you may easily, instantly get detailed reports on all of the above, checking and verifying the identity and other credentials provided by various parties interacting with your business.