KYC-AML
Trust Demands Transparency. So We Verify.
We’re not just another marketplace. As a regulated escrow platform, we take security, compliance, and your safety seriously.
Why verification matters
When you’re transacting in luxury watches, gold, and crypto, anonymity is not an option — not if you want real security.
We verify every user who buys or sells on our platform. Not because we want to, but because it’s the only way to build a marketplace where professionals and serious collectors feel safe.
No anonymous accounts. No hidden risks. Just a trusted ecosystem.
Three Pillars of Our KYC Approach
🛡️ Protecting the Community
Fraudsters and bad actors don’t last long here. Verified identities mean fewer scams, more trust, and better reputation for everyone — especially our professional sellers and restorers.
⚖️ Full Regulatory Compliance
We custody funds. That makes us a regulated financial service. We comply with UK and EU AML (Anti-Money Laundering) and CTF (Counter-Terrorist Financing) regulations. No shortcuts. No grey areas.
💎 A Better Ecosystem for Professionals
Restorers, insurers, authenticators, and luxury boutiques choose to work with us because they know every buyer and seller has passed identity verification. It raises the standard for everyone.
What We Collect (And Why)
| What we ask | Why we need it |
|---|---|
| Full legal name | Identity verification and account ownership |
| Government-issued ID (passport, driver’s licence, national ID) | Confirms identity and prevents impersonation |
| Selfie with ID | Ensures the person behind the account matches the document |
| Proof of address (utility bill, bank statement) | Required for transactions above €10,000 or equivalent |
| Source of funds (for high-value transactions) | Anti-money laundering compliance |
How We Protect Your Data
All documents are encrypted and stored securely
Only authorised compliance personnel have access
We never share your data with third parties without your consent (except where legally required)
We use certified KYC providers — Sumsub, Persona, or Onfido — to ensure industry-leading security
When Verification Is Required
| User type | Verification required |
|---|---|
| Buyers (transaction < €10,000) | Identity verification (name + ID) |
| Buyers (transaction ≥ €10,000) | Full verification + source of funds |
| Sellers (all) | Full identity verification + wallet verification |
| Professionals (all) | Business verification + legal representative ID |
FAQ – Expandable
Is verification mandatory?
Yes, for any user who wants to buy or sell on the platform. If you’re just browsing or reading our magazine, you don’t need to verify.
How long does verification take?
Most verifications are completed within 5–15 minutes. In some cases, manual review may take up to 24 hours.
What happens if I don’t verify?
You can browse listings and read content, but you won’t be able to make purchases, list items, or use our escrow service.
Are my documents stored on the blockchain?
No. All verification data is stored off-chain in compliance with data protection regulations (GDPR / UK DPA). We never record personal data on-chain.
Can professionals get verified faster?
Yes. We offer priority verification for professional sellers, restorers, and insurers. Contact our team for onboarding.
Trust Indicators / Badges
GDPR Compliant
AML/KYC Certified Provider
Data Encrypted at Rest and in Transit
No Personal Data on Blockchain
Ready to trade with confidence?
Complete your verification once. Buy, sell, and use escrow protection for every transaction.
The Luxury Crypto complies with UK and EU anti-money laundering regulations. We are a registered Virtual Asset Service Provider (VASP) and conduct identity verification for all users engaged in transactions. Your data is handled in accordance with our Privacy Policy and GDPR standards.