XTRM AML/KYC Security Specification 2018

Automated platform process and API


XTRM accounts have 4 distinct account identity levels:


These are displayed to accounts owners and can be accessed via the XTRM API.


Identity Level
Description
  1. Pending

Account creation initiated
  1. Basic

Basic payment and FX
  1. Standard

Increased payments and FX
  1. Advanced

High volume payments and FX



Identity Requirements and Restrictions by Level


Level

Identity
Fund
Send
Transfer
Pending Identity
Personal
Unique  Customer ID
$0 USD
$0 USD
$0 USD
Company
Unique Customer ID
$0 USD
$0 USD
$0 USD
Basic Identity
Personal
Mandatory:

First Name
Last Name
Email
Phone Number

1 of 3 required:

Linked and verified payment card

Linked and verified bank account

Copy of government issued photo ID

Transaction Limit:

No limit

Velocity:


No limit

Volume:

No limit
Transaction Limit:

$250 USD

Velocity:


2 per day

Volume:

$500 USD per day

Volume

$2000 USD in 7 Days
Transaction Limit:

$250 USD

Velocity:


2 per day

Volume:

$500 USD per day

Volume

$2000 USD in 7 Days
Company
Mandatory:

Company Name Company Domain Company Email

1 of 3 required:

Linked and verified payment card

Linked and verified bank account

Copy of government issued photo ID

Transaction Limit:

No limit

Velocity:


No limit

Volume:

No limit
Transaction Limit:

$1,000 USD

Velocity:


5 per day

Volume:

$5,000 USD per day

Volume:

$10,000 USD in 7 Days
Transaction Limit:

$1,000 USD

Velocity:


5 per day

Volume:

$5,000 USD
per day

Volume:

$10,000 USD in 7 Days
Standard Identity
Personal
Mandatory:
First Name
Last Name
Email
Phone Number
Address
City
State/Province Country
Postal Code
Date of Birth

1 of 3 required:

Linked and verified payment card

Linked and verified bank account

Copy of government issued photo ID
Transaction Limit:

No limit

Velocity:


No limit

Volume:

No limit
Transaction Limit:

$1,000

Velocity:


5 per day

Volume:

$5,000 USD per day

Volume:

$20,000 USD in 7 Days
Transaction Limit:

$1,000

Velocity:


5 per day

Volume:

$5,000 USD
per day

Volume:

$20,000 USD in 7 Days


Company
Mandatory:

Company Name, Company Domain Company Email
First Name
Last Name
Email
Phone Number
Address
City
State/Province Country
Postal Code
Date of Birth

1 of 3 required:

Linked and verified payment card

Linked and verified bank account

Copy of government issued photo ID
Transaction Limit:

No limit


Velocity:


No limit

Volume:

No limit
Transaction Limit:

$2,500 USD


Velocity:


15 per day

Volume:

$37,500 USD per day

Volume:

$150,000 USD in 7 days
Transaction Limit:

$2,500 USD


Velocity:


15 per day

Volume

$37,500 USD per day

Volume:

$150,000 USD in 7 days
Advanced Identity
Personal
Mandatory:
First Name
Last Name
Email
Phone Number
Address
City
State/Province Country
Postal Code
Date of Birth
Tax Identification


2 of 3 required:

Linked and verified payment card

Linked and verified bank account

Copy of government issued photo ID
Transaction Limit:

No limit


Velocity:


No limit

Volume:

No limit
Transaction Limit:

$2,500 USD


Velocity:


10 per day

Volume:

$25,000 USD per day

Volume:

$100,000 USD in 7 day
Transaction Limit:

$2,500 USD


Velocity:


10 per day

Volume:

$25,000 USD per day

Volume:

$100,000 USD in 7 day
Company
Mandatory:
Company Name, Company Domain Company Email
First Name
Last Name
Email
Phone Number
Address
City
State/Province Country
Postal Code
Date of Birth
Tax Identification

Ownership percent
Owner Name
Owner Address


2 of 3 required:

Linked and verified payment card

Linked and verified bank account

Copy of government issued photo ID

Transaction Limit:

No limit


Velocity:


No limit

Volume:

No limit
Transaction Limit:

$10,000 USD


Velocity:

50 per day


Volume:

$250,000 USD per day

Volume:

$1,000,000 USD in 7 days
Transaction Limit:

$10,000 USD


Velocity:

50 per day


Volume:

$250,000 USD per day

Volume:

$1,000,000 USD in 7 days



Identity Requirements and Restrictions Details


1. Pending Identity - Restricted Account
Personal Accounts
Company Accounts
  • Account creation initiated

  • Limited account access

  • Limited funding

  • Limit transfers amount to bank only 

  • Identity captured during bank transfer


  • Account creation initiated

  • Limited account access

  • Limited funding

  • Limit transfers amount to bank only 

  • Identity captured during bank transfer



2. Basic Identity - Requires #A and one of #B or #C below

Personal Accounts
Company Accounts
A
  • First Name

  • Last Name

  • Email

  • Phone Number


  • Success requires T&C agreement confirmation


  • Collected information processed through IdM

    • Watchlist

    • Blacklist

    • Sanction


  • Any failure results in account lockout



  • Company Name

  • Company Domain

  • Company Email


  • Verification of Merchant Domain


  • Failure response does not create account

    • Merchant Email must match Merchant Domain

    • Failure results in account lockout

    • Upon reactivation request, additional identification is requested

    • Merchant license

      1. Tax ID

      2. Valid government issued photo ID


  • Any failure results in account lockout

B
Linked and verified payment card
Linked and verified payment card
C
Linked and verified bank account
Linked and verified bank account




3. Standard Identity - Requires #A and one of #B or #C below

Personal Accounts
Company Accounts
A
  • First Name 

  • Last Name 

  • Email

  • Phone Number

  • Address

  • City

  • State/Province Country

  • Postal Code

  • Date of Birth


  • Success requires T&C agreement confirmation


  • Collected information processed through IdM

    • Watchlist

    • Blacklist

    • Sanction


  • Any failure results in account lockout




  • Company Name

  • Company Domain

  • Company Email


  • Verification of Merchant Domain


  • Failure response does not create account


  • Merchant Email must match Merchant Domain


  • Failure results in account lockout


  • Upon reactivation request, additional identification is requested

    • Merchant license

    • Tax ID

    • Valid government issued photo ID


  • Any failure results in account lockout

B
Linked and verified payment card
Linked and verified payment card
C
Linked and verified bank account
Linked and verified bank account





4. Advanced Identity - Requires #A and one of #B or #C below

Personal Accounts
Company Accounts
A
  • First Name 

  • Last Name 

  • Email

  • Phone Number

  • Address

  • City

  • State/Province Country

  • Postal Code

  • Date of Birth

  • Personal Tax ID


  • Success requires T&C agreement confirmation


  • Collected information processed through IdM

    • Watchlist

    • Blacklist

    • Sanction


  • Any failure results in account lockout




  • Company Name

  • Company Domain

  • Company Email

  • Company Tax ID

  • Ownership Name

  • Ownership Address


  • Verification of Merchant Domain


  • Failure response does not create account


  • Merchant Email must match Merchant Domain

  • Failure results in account lockout

  • Upon reactivation request, additional identification is requested



    • Merchant license

    • Tax ID

    • Valid government issued photo ID


  • Any failure results in account lockout


  • Company Tax ID, Ownership Name, Ownership Address


  • Collected information processed through IdM

    • Watchlist

    • Blacklist

    • Sanction

  • Upon failure, additional identification is requested

    • Valid government issued photo ID

  • Failure results in account lockout

B
Linked and verified payment card
Linked and verified payment card
C
Linked and verified bank account
Linked and verified bank account




Terms:


Verified Bank:                  A bank in you or your company's name that you have full access.


Verified Payment Card:    A debit or credit card in you or your company’s name


Validated Email:              An email account that you have full access.


Validated Mobile #:        A mobile device that you have full access.


PID:                                 Partner Identifier