Wednesday, June 12, 2019

ABOUT The #KABN REWIEW PROJECT

ABOUT The #KABN REWIEW PROJECT
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Introduction
The KABN Network is an integrated suite of financial services that includes the Pegasus Flyte Visa Card, an approved crypto-linked prepaid Visa card and mobile integrated multi-currency banking wallet; KABN KASH, a robust loyalty and engagement program and the network anchor, KABN ID, a patent pending, Always On, GDPR complaint, blockchain and biometrically based, identity verification and validation platform. KABN ID is free to use service for consumers and provides continuous monitoring and proof of identity online and in conventional marketplaces.
KABN’s mission is to create a world-class suite of products and services that support the decentralized market economy, globally enabling consumers to take control of their digital identity and personal data, connecting them with Cryptocurrency-linked financial services and loyalty platforms.KABN supports internationally recognized documents for Know Your Customer (KYC) regulations. In addition, for issuers of private or early stage assets, KABN provides qualification for investors in the United States and Canada, and source of wealth verification for investors in Europe. To date, KABN has screened individuals in the following countries: Armenia, Australia, Bangladesh, Belarus, Canada, Ecuador, Hong Kong, India, Indonesia, Ireland, Latvia, Malaysia, Nigeria, Philippines, Romania, Russian Federation, Sri Lanka, Thailand, Turkey, Ukraine, United Kingdom of Great Britain and Northern Ireland, United States of America and Vietnam. Other countries will be added as they come on board. Customers on the KABN network receive ongoing Anti-Money Laundering (AML) monitoring and requests to confirm or update personal information that is expired or out of date. Financial technology startups can outsource this operational burden at no extra charge.
Issuers and financial technology startups operating at a global scale are required to comply with United States banking regulations. Know Your Customer (KYC) regulations involve managing private and sensitive personal customer information and the third-party verification of these documents. Anti-Money Laundering (AML) regulations require screening and monitoring participants against international sanctions, politically exposed persons flags (PEP), and adverse media lists. Issuers and startups must additionally comply with European regulations around data privacy and source of funds. General Data Protection Regulation (GDPR) requires all technology services, encompassing financial technology services, to give users the ability to retrieve all personal data and the right-to-be-forgotten. Management has determined that existing compliance and customer onboarding is often manual, time-intensive, and costly. In-house compliance programs are typically inadequate and/or data gathered is incomplete, inaccurate or unverified. Third-party services and compliance experts may be too expensive for issuers that are required to perform compliance in order to raise capital.
For transactions related to international blockchain-based offerings, many issuers are unfamiliar with global regulations outside of their jurisdiction. In some cases, issuers do not comply with U.S. Securities and Exchange Commission (SEC) regulations and have improperly sold tokens into the US market without an exemption to registration. Over the course of 2018 the SEC significantly increased the scope and instances of repercussions, often forcing issuers to return all funds to investors, sometimes resulting in charges and convictions. In today’s market, compliance has become central to any business attempting to raise funds
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Token Details
Token: KABN
Type: Utility
Price 1 KABN = 0.2 USD
Platform: Ethereum
Accepting: ETH, BTC, Fiat
Country: Gibraltar
Whitelist/KYC KYC
TEAM

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Bounty0x Username:kyanh83900

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