PRIVACY IS THE POWER TO SELECTIVELY REVEAL ONESELF TO THE WORLD.
- Eric Hughes, The Cypherpunk Manifesto
PERSONAL INFORMATION WE COLLECT
Personal Info Collected
First & Last Name
Date of Birth
Form of Government ID
Social Security # or Tax ID
Digital Assets & Source
Unchained Capital is a financial institution as defined by the Bank Secrecy Act (BSA).
As a financial institution, we are required to follow Anti-Money Laundering (AML) and Know Your Customer (KYC) practices.
To comply, we must collect and verify sufficient information to form a reasonable belief that we know the true identity of the customer.
We take a risk-adjusted approach to each of our products to ensure that we collect the minimum information necessary as determined by our legal and regulatory advisors. We will continue to do so as we expand our suite of financial services.
WHAT WE DO WITH YOUR DATA
ACCOUNT APPROVAL PROCEDURES
When performing a basic profile check, we compare a legal identification document to the account information in order to:
- Evaluate the document’s validity
- Ensure the name matches
- Ensure the birthdate matches
We confirm that user’s address and home country are not on any OFAC-maintained list of sanctioned individuals or countries.
Name, address, and ID constitute the minimum set of requirements financial institutions are required to collect and retain in order to verify a customer’s identity.
For an advanced profile, we perform these additional steps:
- Review the source of funds
- Perform online searches on the user’s name and address
- Review lending regulations in user’s local jurisdiction, which may dictate term & rate
Before approving a bank account, we verify the account and routing number with our ACH provider. This ensures that we can make deposits and withdrawals as needed for a loan.
SUPPORT FOR INHERITANCE AND PROBATE
To ensure crypto assets are protected and lawfully transferred, the person authorized to handle the estate will need to present state-specific documents establishing their authority. The user identity information we collect allows us to authenticate these documents.
In the case of a foreign will, there may be additional steps taken before we would accept the orders of a foreign court, which will depend on the circumstances of the individual case.
WHAT WE DON’T DO WITH YOUR DATA
We don’t share your data with third-parties unless legally required or unless consent has been given. Consent may be requested during a loan process by banking partners or capital providers.
We don’t collect your data to later monetize that data. Monetizing data is not part of our business model.
We don’t voluntarily share information with government agencies or regulatory authorities; however, we are required to monitor for suspicious activity, and we will comply with lawful court orders.
Your privacy is our business to protect. We take significant data security measures to ensure addresses and accounts are never deanonymized publicly, and we pursue every step possible to ensure that government entities do not infringe on our customers’ rights.