AML and KYC Policy
Last updated, November 15, 2026
Recon Finance Digital Bank currently runs in demo mode while licensing is completed. Balances, transfers, cards, investments and loans inside the app are demo records and no real money moves. These documents describe how the service works today and how it will work when live banking launches.
Why we verify identity
Recon Finance Digital Bank verifies the identity of every customer. This is called Know Your Customer, KYC. It protects our customers, prevents fraud and money laundering, and is a legal requirement for banks and financial services everywhere we will operate.
What we collect
- Your full name, date of birth, phone number, email address and residential address.
- Your government issued identity type, for example passport or national ID. Your raw identity document number is never stored on our systems, only a verification reference is kept.
- Identity documents you upload during account setup. Uploads are stored in private, access controlled storage and are never public.
How verification works
New accounts complete a guided setup, profile details, identity document, and security steps. Accounts may be held in a pending state until verification is complete. We may ask for more information where details do not match or where the law requires it.
Monitoring and prohibited activity
- Account activity is recorded and may be reviewed for unusual or unlawful patterns.
- Recon must never be used for money laundering, terrorist financing, fraud, or moving money for sanctioned persons or countries.
- We may suspend an account and refuse a transaction where we reasonably suspect unlawful activity, and we may be required by law to report it without telling the account holder.
Record keeping
Verification references, account records and admin actions are kept in secure systems with an audit log, for as long as the law requires.
Contact
Questions about verification, message us through in app support or email info@reconfinancedigital.online.
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