Why do I have to submit my identity documents for verification?

MMOSWAP is a communications company conducting business in regions where we are subject to Anti Money Laundering (AML) regulations. As such, we are fully committed to working with Monetary Authority to enhance and adjust the measures and internal monitoring mechanisms according to the requirements of international standards and applicable local legislation and jurisdiction.
Part of this process includes verification of our user's identity through reliable and independent source documents, information, and data (also known as KYC or Know-Your-Customer), especially since our businesses involve transactions and remittances in foreign currencies.