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1 KYC In Action Manpreet Kaur Merpay KYC Team / Software Engineer

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Agenda 01 About KYC 02 KYC Types 03 KYC in action (at Merpay)

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About KYC

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KYC - A Guideline Risk Identification Identity verification Prevention from Money Laundering/ Frauds

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Why KYC? ● Regulatory Compliance ○ To verify customer identity based on the Act on Prevention of Transfer of Criminal Proceeds (犯罪による収益の移転防止に関する法律 ) ● Risk management and Fraud prevention ● Enhanced security ○ Thereby improved customer experience ● To prevent business from damages: ○ Financial Loss. ○ Company’s reputation.

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Why KYC? (continued..) Maintain Mutual business trust

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KYC Types

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Ways to do KYC Legally compliant to open FTA Legally non-compliant, not sufficient for opening FTA *FTA = Funds Transfer Account

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KYC Types at Merpay

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KYC in Action At Merpay

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KYC and other Components

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The platform KYC

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KYC in and out

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IDKYC

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IDKYC (continued..)

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eKYC

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eKYC (continued)

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KYC Requirements (FTA) ● Full Name* ● Date of Birth ● Residence ● Job Occupation ● Purpose of the Transaction ( “Payment” => 商品・サービス代金決済のため ) *Full Name has to be written exactly like on the ID document.

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19 Thank you!