Identity verification, also known as Know Your Customer (KYC), is a mandatory legal requirement for all regulated financial service providers, including Piece Germany GmbH (as a Tied Agent).
We require this step for two main reasons:
Your Safety and Fraud Prevention: The KYC process ensures that you are the only person who can access and control your account. It is a critical safeguard against identity theft and unauthorized access to your funds.
Regulatory Compliance: It fulfills our legal obligation to combat money laundering (AML) and financial crime as required by German and European financial regulations. This compliance is essential for maintaining our operating license.
You only need to complete the verification process once during your first investment.