#CompliantWallet
Yug Wallet : Web3 tool with all compliance features
The KYC records are encrypted and recorded on decentralized storage (IPFS). The KYC is only accessible by the user
On-demand access
Any third party can request the KYC data for a wallet. The user can grant access to the KYC, in whole or in part by generating a limited use private key on demand.
On-chain Risk Score
Each wallet user will be given a risk score. This is like a FICO type score, which determines the risk of doing business with a counter-party
Risk score will be based on KYC, Bank Verification, Sanctions checks, completed transitions and other parts of user behaviour
The Risk Score is the property of the wallet user, they control who can see it in whole or part
FATF Travel Rule Compliant
With Yug Network, transactions can only take place between two KYC’d wallets.
For transactions subject to the Travel Rule, the Wallet User KYC data is linked with each transfer identifying the sender and the receiver.
Compliant And Transaction data is recorded on the blockchain and immutable.
