Reyn Digital Assets OÜ (“Reyn” or “Company” or “us” or “we” or “our”) is a private limited company registered in Estonia with company number 14393747 and registered office address at Harju maakond, Tallinn, Kesklinna linnaosa, Rotermanni tn 6, 10111 Estonia. “You”, “your” and “Client” means the person who makes use of the cryptocurrency transaction and storage services provided by Reyn Digital Assets OÜ.
PLEASE READ CAREFULLY THIS DOCUMENT SET OUT BELOW BEFORE USING THE SERVICES PROVIDED BY US.
Due to changing regulatory environments and the need to adapt quickly the Company has integrated with several solutions providers (“Providers”) that can assist in detecting individuals presenting higher risk.
Through the use of the Provider, the Company is able to screen any client regarding sanctions’ lists, PEPs status, adverse media prior to establishing a relationship. The database of active clients is also regularly screened on an automated basis to monitor any changes in status of individuals.
A risk-based approach is applied technologically where possible so that each individual is riskassessed during onboarding, addressing all KYC/AML requirements.
We are using leading third-party systems, together with in house developed logical rules to create a robust and efficient system allowing the automation of the process and to alert either in real time or in near real time any medium or high-risk profile individual.
During onboarding the Company uses document and face recognition technologies from Providers to ensure that any documents are genuine and not tampered with and that the individual going through registration is the same as the one on the official document.
A natural person or the legal representative of a legal entity confirms with upon the establishment of a business relationship and the conclusion of a transaction on occasional basis that:
- He or she carries out the identification process personally;
- The data submitted by him or her are true and complete, and he or she is aware of the consequences associated with the submission of incorrect, misleading or incomplete information upon the establishment of a business relationship;
- He or she doesn’t use VPN during account registration and verification;
- He or she meets the conditions established by the Company for the establishment of business relationships and the conclusion of transactions on occasional basis (for more details check Terms & Conditions).
- He or she acknowledges that the identification of a person and verification of person’s identity is run as a document’s and liveness’s checks in real time with no interruption.
- He or she will show to the Providers in front of the camera the personal data page of the valid travel document issued by the foreign country .
- He or she acknowledges that the identification of a person identity is done through face recording, recording of body position changes and voice recording following Provider’s instruction;
- He or she acknowledges that identification verification of his or her identity does not oblige Reyn to establish a business relationship or guarantee the accessibility of services;
- He or she acknowledges that his or her identification and verification of identity with information technology means is considered unsuccessful if identity verification provider rejects uploaded ID;
Published on July 5th, 2022.
Updated version published on April 19th, 2023.