Violet Identity Compliance

High-level overview

Violet Identity offers the most advanced compliance guarantees in DeFi.

Violet Identity Core Features

• A one-time KYC/B verification

• Continuous Sanction List Screening (US, UK, UN, EU)

• Continuous KYT screening against illicit activity and Sanction Lists

• Geofencing to confirm physical location at time of verification and authorization

• Multi Factor Authentication to increase confidence in identity continuity and account security

On-chain access authorization is implemented via EAT. For more information on the technical specifications, please refer to the Developer documentation.

Verification (KYC/KYB)

Privacy protective, reusable KYC/B. Prove you're a real person or business without disclosing your identity data to anyone else. The KYC/B providers support the following verification steps:

• Biometric Verification

• Document Verification

• ID Document face-match

• Liveness Detection

Encrypted Off-Chain Data Store

The PII generated during the KYC/B process is encrypted and persisted in an off-chain, user-accessible data vault as verifiable credentials (VCs).

Continuous Sanction List screening

Continuous & routine sanctions checks against major sanctions lists (US, UK, UN, EU) (every 24h). Demonstrate you're not a sanction risk across all of Web3.

Continuous KYT Screening

Comprehensive & ongoing blockchain analytics screening against sanctions lists & for illicit activity. Show that you're a safe counterparty while maintaining on-chain anonymity.

Geofencing

Confirm physical location at registration & at the time of transaction. Prove you comply with terms of service (e.g., no US users) & haven't moved to a geographically sanctioned region.

Multi Factor Authentication

Account security & confidence in identity continuity. Ensure your account & data are protected from bad actors while increasing on-chain confidence that you're you.

Accredited Investor Status

Violet also allows users to add an accredited investor status to their VioletID and is accessible to users after they complete the initial enrollment. Certain pools or tokens swapped via Mauve may require a user to have obtained an accredited investor status. Status is issued based on EU, UK, US, or Singapore law, depending on where the user is permanently located at time of enrollment.