"Know Your Customer" (KYC) obligations require FutureFund to collect and maintain information on all FutureFund account holders. These requirements come from our regulators and financial partners, and are intended to prevent abuse of the financial system.
When setting up an Fund, an authorized business representative will be required to provide the following:
- Legal Name
- Date of Birth
- Full Social Security Number
In rare cases, we will need a copy of the front and back of a government issued ID card.
This process is needed to ensure FutureFund is compliant with the current anti-money laundering laws, much as a bank or a credit card company would need to be.
How will you use the personal data collected?