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Why Is Completing KYC Necessary for My Account?

Completing the Know Your Customer (KYC) process is a mandatory step to maintain a secure, fair, and compliant trading environment at Shark Funded.

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Written by Shark Funded
Updated over 2 weeks ago

Why KYC Is Required

1. Legal & Regulatory Compliance

KYC allows Shark Funded to comply with international laws and regulations designed to prevent:

  • Fraud

  • Money laundering

  • Identity misuse

  • Financial crime

By verifying identities, we ensure all accounts belong to legitimate individuals.

2. Account Security & Protection

KYC adds an extra layer of protection to your account by linking it to verified personal credentials.

This helps prevent:

  • Unauthorized access

  • Identity theft

  • Account misuse

If any security issue occurs, verified information allows faster and safer resolution.

3. Fair Trading Environment

Verifying all traders ensures that:

  • One person does not operate multiple accounts

  • Fraudulent or duplicate accounts are prevented

  • All traders are evaluated under equal conditions

This protects honest traders and keeps evaluations fair.

4. Payout Eligibility

KYC verification is required before any payout can be processed.

This ensures:

  • Profits are paid to the rightful account owner

  • Payouts are processed securely

  • Delays and disputes are minimized

Without completed KYC, withdrawals cannot be approved.

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