What is identity verification?

As we are dealing in financial services, Shadow Foundr is required by anti-money laundering regulations to verify the identities of investors. Investors must pass this process before making their first investment through Shadow Foundr:

  • Automatic: Often we can verify your identity automatically when you enter your personal details on the platform before you make a deposit by using a third party online database. But sometimes we are unable to verify your identity this way. This is nothing to worry about and can happen for a number of reasons, for example if you have recently moved house, if the database does not cover the place where you live, or a simple data entry error.
  • Document: If we can't identify you using the automatic process, then we will need to verify your identity using documents as evidence of your identity and address. You will be asked to upload copies of the following two documents through the platform (which can be scans or photos taken on your mobile phone):
  • Identity: Government issued photo ID (e.g. passport, national ID card, driving licence); and
  • Address: Recent (i.e. within three months) utility bill, bank statement, or a letter from a national or local authority showing your name and address.
The information that you send us will be used solely to verify your identity and will not be used for any other purposes. Please note that we require two separate documents (even if your government issued photo ID also states your address). Once we have reviewed these documents we will let you know whether you have cleared the process or if we require anything else.

Remember that this is only required to be completed before you make your first investment.

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