Digital Securities Exchange Limited (DSX) is registered with the United Kingdom Financial Conduct Authority (FCA) as an Appointed Representative (FRN 900410) of ePayments Systems Limited which is authorised and regulated by the FCA under the Electronic Money Regulations 2011 (FRN 900172) to issue Electronic Money.
As such, DSX must comply with legal requirements to deter and detect financial crime, which includes money laundering and terrorist financing.
Customer due diligence requirements
Customer due diligence means that we are taking steps to identify DSX customers and check they are who they say they are. In practice this means we are obtaining a customer’s:
- name, date of birth
- photograph on an official document which confirms their identity
- residential address
In most cases we ask for a government issued document like a passport, along with utility bills, bank statements and other official documents.
We apply due diligence to enable customers to deposit and withdraw funds to/from their DSX accounts.