The Bank Secrecy Act (BSA) and the USA Patriot Act have created meaningful protections with the aim of limiting money laundering and terrorist financing. Broadly, these are often called Anti-Money Laundering (AML) protections.
At Catch, we take our obligation to prevent money laundering and terrorist financing very seriously. We work with our exceptional banking and investment partners in order to protect our customers and the country.
We follow every regulatory requirement to make sure that we know our customers, have detailed customer identification programs, and are monitoring closely for fraud and other illegal activity.
What that means for our current and future users is that we may ask for information to verify your identity and activity on our platform to meet these requirements.