KYC Verification Process in Bhutan: A Mandatory Compliance Requirement

In a bid to reduce identity theft and fraudulent activities, the government of Bhutan has made Know Your Customer (KYC) verification a mandatory compliance requirement for all citizens. The KYC process is non-negotiable and applies to every individual who wishes to conduct financial transactions or access various services in the country.

What You Need to Prepare

To ensure a smooth KYC process, individuals are advised to have certain documents ready before submitting their information. These include:

• A valid Bhutanese ID document
• Passport
• Mobile number
• Cell phone with a reliable camera for taking pictures and videos
• Other necessary identification documents

The KYC Verification Process

The KYC verification process is a straightforward procedure that can be completed in just a few steps:

1. Phone Number Validation: Type in your phone number to validate it.
2. Add Orange Numbers: Add other Orange numbers you may have.
3. Personal Information: Provide your plot number, street name or locale, and village or city.
4. Document Upload: Take clear pictures of your ID or passport document.
5. Selfie Video Recording: Record a selfie video.

Data Security

The government assures that all personal data collected during the KYC process is stored with utmost security to prevent any misuse.

Benefits of Adhering to KYC Compliance Requirement

By adhering to this mandatory compliance requirement, individuals in Bhutan can rest assured that their financial transactions and personal information are secure and protected from fraudulent activities. With a secured KYC verification process, you can enjoy peace of mind knowing that your sensitive data is safe and secure.