AML (Anti-Money Laundering) and KYC (Know Your Customer) are processes and laws that help combat financial crime.
Financial technology companies are required to comply with these processes. While CrowdStreet is not a broker-dealer, we are able to help sponsors comply with AML/KYC processes in the investment process when requested by the sponsor. When requested, CrowdStreet retains a third party, North Capital Private Securities, to run the AML/KYC checks and either approve or disapprove an investor. That information is then reported to CrowdStreet and the Sponsor.
Investors should make sure the information that they enter is accurate and matches what is on their government-issued ID. Otherwise, investors might be disapproved and delay the process.