The most advanced technologies to stay compliant to KYC, AML, FATF, MAS, GDPR, FINMA, FCA and CySEC requirements.
BASIS ID at the forefront of the Data Protection & Due Diligence Compliance
KYC / AML Compliance
BASIS ID services treat compliance as it’s core feature
Flexible KYC Settings
The platform provides a flexible verification process allowing both automatic and manual modes. Manual mode may include post-moderation enabling our Clients to make the final decision on user onboarding. We are able to provide unique case-to-case solutions for any business.
Our infrastructure is built in full compliance with the global and local regulatory requirements including FATF, MAS, GDPR, FINMA, FCA, and CySEC. We are operating at the forefront of Data Protection and regulatory legislation all around the globe.
Our system is constantly monitoring for the relevance of the existing users’ data. In case of any violation of the requirements you set for users, you will get notified of such and will be able to efficiently react with necessary actions taken.
Data Privacy Compliance
We have established a platform that allows us and our clients to be fully secure while working with sensitive personal data
Consent to data processing
All of our services that require data processing will request your clients to give a specific consent to use of the provided data in an obvious form and with the links to the necessary documentation.
Data Storage & Localisation
We keep all the data encrypted at the Data Protection compliant Amazon servers, which are located in both Europe and Asia and considering the following factors: accessibility and data localisation requirements.
In an unlikely event of a Data Breach we take the responsibility to detect it and take all the necessary actions within 72 hours as ruled by the GDRP.
We also take full responsibility to keep provided policies up to date and any changes.
We have created a convenient widget, which is also available for our clients, that lets users practice their legal rights regarding their personal data. A user fills a simple form which will categorize their request, accordingly to the rights given by the GDPR, in order to effectively react to any kind of inquiries.
Read more about BASIS ID GDPR solution and how to make your business compliant
Security and Safeguards
We conduct outsourced testings of our security measures on multiple levels and make sure our software is hack-proof in every known way by cooperating with the lead web security specialists.
We encrypt every bit of data received or sent. For instance, data clusters interconnection is encrypted at least twice utilizing IPSec with an internal TLS. Connection to the Database is encrypted at 3 levels: IPSec, with integrated TLS TCP session sends requests and the data stored is encrypted with GnuPG. Even emails are sent via a secure TLS connections.
Our developers team performs regular stress tests of our systems to ensure every safeguard works as it is supposed to.