@here
Dear all,
Thanks for your feedback regarding the KYC/AML process that began on Saturday. The KYC/AML process is only requested from those who invested more than 5,000 USD. If you invested over 5,000 USD and did not receive an invitation to complete the process on Saturday, you will receive one on Thursday or Friday. In short, we cannot make you completing KYC/AML, the more doing it the better for all of us.
We received a number of comments from the first group regarding technical issues and general concerns that we would like to address below:
*The Intrum Service is not working properly!*
We opted to make the process entirely digital for ease of use. However, the first group has experienced a few technical issues. If you have any problems with the Intrum service you can complete the process by hand. Simply send the AML forms
signed with a copy of your passport signed to us at
[email protected].
*I don’t want to expose my personal data!*
We understand the concern for security of personal data. When you submit your information via the Intrum web app, the data is stored by Intrum for 90 days. Intrum is FINMA approved, following Swiss data security regulations, which are among the highest in Europe. After this modum will keep a record of the data, securely protected, following the regulations set out by the Federal Act on Data Protection.
*Why should I complete the process?*
In order to easily transfer the crypto funds raised in the token sale to fiat for use in regular operations, our brokerage partner is obliged to comply with Swiss anti money laundering regulations. By completing the KYC/AML process, you are helping modum to best manage and utilize token sale funding, growing our core business and ensuring the quickest path to profitability.
*What happens to my tokens if I don’t complete the process?*
We cannot make everyone complete the KYC/AML process. We have opted to invite only token holders who have made investments above USD 5,000, similar to the thresholds for KYC/AML processes in financial institutions. We will not withhold tokens if an investor is unable to participate, but we value your best efforts to complete the process promptly when you receive the invitation. All investors will receive their modum tokens.
If you still have any questions, please send them to:
[email protected]We appreciate your cooperation in completing the KYC process to help modum move forward. The sooner this process is complete, the sooner we can distribute tokens and begin our exciting market entry with the modum system.
And as additional incentive we offer a *free modum sensor* from our first production batch for everybody helping us by completing the KYC/AML procedure!
Your modum.io team :modum: