Our legal KYC (Know your customer) obligations to fight fraud, money laundering and financing of terrorism.
Know your customer (KYC) is the process of a business, identifying and verifying the identity of its clients. Know your customer policies are becoming much more important globally to prevent identity theft, financial fraud, money laundering and terrorist financing.
To be able to receive money with Flattr you have to provide a basic set account details. This is the information we are required to collect from you in order to allow you to receive revenue.
To be able to withdraw the revenue you need to perform a full account verification. This is done by supplying one or more documents in regards to the Flattr account holder. The process differs a bit depending on account type (if you are an individual, organisation or business) but is always a way for us to verify that the account holder exists and is the one stated in the account details.
You can do this at any time and you are never required to do an account verification, but you can not withdraw any revenue if you do not.
In some special cases can additional documents be requested, in most cases related to our or your bank wanting to to take extra precautions by verifying some details. We will contact you directly in these rare cases.
If you want to read more the KYC article on Wikipedia is a good starting point.