Making me who I am today


You mentioned how you were interested in what the different tiers are, so I provided what the industry standard is, and what the legislation covers.

The legislation sets out the framework in which financial services companies (Both retail and at the investment level.) have to comply with, in terms of KYC/AML.

The only information in the FAQs is as follows:

Beyond guidance on the 3 ways in which a customer can provide information on source of funds, naturally Revolut (or any other financial services company.) will not specify the exact procedure in which an account is monitored (as in-depth knowledge of the procedures can be used and abused by individuals seeking to use Revolut as a conduit for illicit funds.).

Specific details on the methods and frameworks for ‘enhanced verification’ is highly unlikely to be released by the company.

1 Like