How to Complete KYC for your Retirement Accounts
Know Your Customer (KYC) verification, also known as Know Your Business (KYB) for entities, is a critical step to ensure compliance with regulatory requirements when onboarding with Parallel Markets. This process verifies the identity and legitimacy of your business entity or trust, enabling secure participation in investment opportunities. Below is a step-by-step guide to completing KYC/KYB for your LLC or trust.
Steps to Complete KYC/KYB
Create an Account with Parallel Passport
Visit the Parallel Markets platform and select “Sign Up.”
Enter your email, first name, last name, and create a secure password.
Confirm your email address via the verification link sent to your inbox.
Select Your Investor Entity
Log in and choose “Myself as an individual” when prompted to select the investor profile.
After you specify individual, Parallel will take you through a few screens to authorize their identity providers to verify your identity, prepare you for the information you will input and upload, and authorize data sharing.
Then it will ask you to upload pictures of your government-issued photo ID. For your convenience, Parallel provides the capability to take and upload pictures from your phone.
Once you've finished uploading the pictures, Parallel validates them and then prefills the information if the ID is validated successfully.
At this point, please Submit Verification and you are finished!
Need Help?
If you encounter issues or have questions, contact Parallel Markets’ support team via the platform’s help center or email help@parallelmarkets.com. For anything else, please contact support@digitalwealthpartners.net.