Completing KYC/AML

KYC/AML verification is the strongest optional identity booster in Localcredit. It provides lenders and partners with the highest level of confidence that you are a unique, compliant individual, often unlocking the best rates, highest limits, and access to premium products.Why Linking KYC/AML is Important

• Maximum Identity Confidence: Full KYC/AML attestation proves you have passed professional identity and sanctions checks, significantly reducing perceived risk for lenders.

• Unlocks Premium Opportunities: Many institutional-grade or regulated partners require or heavily favor KYC-verified users for larger loans, higher-yield lending pools, or cross-border products.

• Global Compliance Signal: It demonstrates adherence to international standards (e.g., sanctions screening, PEP checks), making your profile more attractive in regulated environments while remaining portable.

• Strongest Score Acceleration: For users with good on-chain behavior, KYC often pushes scores into the top tier (850–950+), where the best terms become available.

• Privacy-Preserving: We never store documents, personal details, or full reports. Only a zero-knowledge proof of successful verification (e.g., “User passed KYC/AML, not sanctioned”) is linked to your identity.

KYC/AML is entirely optional. You can achieve a solid, usable score (700–850) through wallet activity, repayments, and lighter verifications alone. However, for users seeking the highest limits and most competitive offers, it is the most effective single boost.Score Improvement from KYC/AMLThe boost is applied to the Identity Strength & Persistence component (medium impact, weight 0.20) and scales with verification tier.

Verification Level	Description	Localcredit Boost	New Score Potential (example from 65 base)
Full KYC/AML (Tier 3)	ID document + liveness check + sanctions screen	+250–400 points	900–1000
Enhanced KYC (Tier 2)	ID document + basic AML	+15–30 points	800–950
Basic AML Only (Tier 1)	Sanctions & PEP screening only	+10–20 points	750–850

Additional factors that maximize the boost:

• Clean AML record (no flags)

• Verification from reputable providers

• Consistency with other linked signals (e.g., matching name/country from traditional credit)

The boost applies immediately upon completion and can be refreshed periodically if desired.How to Complete KYC/AML Verification

1. In the dashboard → “Boost” tab → tap “Complete KYC/AML”.

2. Choose your preferred tier and provider (integrated partners such as Persona, Onfido, or Chainalysis – selected for strong privacy practices).

3. Follow the secure, embedded flow:

   • Upload government-issued ID (processed ephemerally)

   • Complete liveness check (photo/selfie) if required for higher tiers

   • Automated AML/sanctions screening

4. Upon success, a zero-knowledge proof is generated and linked to your Localcredit identity.

5. Done – your score updates within minutes.

Verification is completely optional and reversible: you can revoke the proof anytime from Profile settings (score will adjust accordingly, but no personal data is retained).