The identity verification documents are to fulfill the Know Your Customer (KYC) processes which is mandatory by law in line with Singapore's efforts in the prevention of money laundering and terrorism financing under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019 ("PSPM Act"), thus all customers are to adhere to Stacker Market™'s Account registration requirements, terms and conditions and to the following notice from the Ministry of Law, Singapore.
Refer to the notices here:
KYC is the process of a business identifying and verifying the identity of its clients. The KYC process uses selfie verification as part of the Know Your Customer (KYC) process of identifying and verifying the identity of its clients.
We also use 2-Factor Authentication to identify that you are the owner of your account. Keeping your funds secure is paramount.
It is highly recommended that all users provide their Identity documents as requested, as soon as you open your Stacker Market™ account. This will permit full featured access and ensures that your account will be managed with the highest level of security and compliance.