🛠️Available features

IBEX Safe enables wallet owners to identify themselves (known as KYC - Know Your Consumer) in order to unlock access to FIAT partners' functionalities:

• link a SEPA-zone bank account to the wallet,

• use payment cards to acquire tokens.

1

Simplified Due Diligence

Basic check of email, first and last name allowing the use and registration of a payment card with partner payment service providers.

2

Customer Due Diligence

Comprehensive checks on proof of identity and address allowing bank account link to wallet.

Aspect	Simplified Due Diligence (SDD)	Standard Due Diligence (CDD)
Customer Type	Low-risk entities	Broad spectrum of customers
Customer Need	Payment	Banking
Identification & Verification	Fewer documents, use of declarative and public information	Detailed verification process
Beneficial Ownership	Basic identification without further verification	Thorough examination of ownership structure
Politically Exposed Person (PEP) Screening	Limited measures for PEP determination	Standard PEP checks
Relatives and Close Associate (RCA) Checks	Not applicable	Not typically required
Source of Funds (SOF) and Source of Wealth (SOW) Checks	Not applicable	Not standard but may be conducted based on risk
Adverse Media Screening	Basic adverse media searches to confirm low-risk status	More comprehensive screening
Sanctions Screening	Screening against lists to ensure compliance	Standard sanctions and watchlist screening
Ongoing Monitoring	Risk-based monitoring of account activity	Regular monitoring to detect changes in risk profile