KYC / AML Disclosure Statement
1. Introduction
Chronara.ai is committed to complying with global Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to maintain the integrity of its platform, reduce risk, and prevent misuse of its services. Identity verification is mandatory for users accessing paid features, including private node deployments and high-powered AI services.
2. KYC Partner – Veriff
Chronara.ai partners with Veriff, a certified Identity Service Provider (IDSP) under the UK Digital Identity and Attributes Trust Framework (UK DIATF), as listed on the official UK Government website.
✅ M1A Verification
- Standard end-user flow (non-customisable)
- 1 registry check: CIFAS
- No mandatory fields
✅ M1B Verification
- Standard end-user flow (non-customisable)
- 3 registry checks: CIFAS, PEP, UK Electoral Roll
- Address submission is mandatory
✅ L1B Verification
- Customisable flow
- No mandatory fields
- No registry checks
3. Regional KYC/AML Compliance
🇺🇸 United States
- Complies with the BSA and FinCEN guidelines
- U.S. residents must complete KYC for paid services
- No service to OFAC-sanctioned jurisdictions
- Services restricted where deemed unregistered securities
🇦🇪 United Arab Emirates
- Registered in Dubai Silicon Oasis Free Zone
- Operates under UAE AML-CFT Law (Decree-Law No. 20 of 2018)
- Enhanced due diligence for high-risk users
- Identity verification per Central Bank and FIU guidelines
🇬🇧 United Kingdom
- Uses UKDIATF-certified flows
- Seeking FCA authorisation for token-related services
- Fully aligned with FCA AML/CTF and GDPR standards
🇪🇺 European Union
- Complies with EU 5th and 6th AML Directives
- KYC verification mandatory for EU users
- Lawful processing under Article 6(1)(c) of GDPR
4. Why We Require KYC/AML
- 🛡️ Fraud Prevention: Prevent system abuse
- 📊 Compliance: Meet legal obligations
- 🔐 Trust & Security: Maintain platform integrity
- 🌐 Scalability: Expand to regulated markets
5. Data Privacy
All identity data is processed by Veriff and not stored by Chronara.ai. Full compliance with:
- GDPR (EU)
- UK Data Protection Act
- UAE Personal Data Protection Law (PDPL)
- US state privacy laws (e.g., CCPA)
6. Restrictions and Enforcement
Access may be restricted if:
- Identity verification fails
- User resides in a restricted jurisdiction
- Fraud or suspicious activity is detected
- KYC/AML requirements are unmet
Chronara reserves the right to suspend or deny access accordingly.