Why is biometric verification required during KYC process?

Biometric verification is a required step in the KYC process to prove that you are a real person and that you match the identity document you submitted.

 

We require this for two main reasons:

- To protect your account: It prevents identity fraud and account takeovers. By verifying your live face, we ensure bad actors cannot bypass our security using screenshots, printed photos, or altered videos of you.

- To ensure compliance: It is a mandatory requirement to meet strict AML/CFT (Anti-Money Laundering and Counter-Terrorist Financing) regulations, which keep the CAEX exchange secure and legally compliant.