KYC (Know Your Customer) – What is it?

As a Payment Institution, easypay needs to follow a set of Laws and Regulations issued by:

  • Banco de Portugal;
  • European Central Bank;
  • European Council.

In order to combat money laundering and the financing of terrorism, it is easypay’s duty, as a payment institution, to know its Customers and respective organizations (provided for in Law No. 83/2017 of August 18, 2018 (paragraph) b) of paragraph 1 of article 24).

To avoid these problems, easypay must request the following data:

  • General information;
  • Information from legal representatives and beneficial owners;
  • Bank information;
  • Business model.

For more information see: