🛂ID verification policies on Haven1 blockchain

This document details ID Verification requirements on Haven1

Haven1 is NOT a regulated entity.

Haven1 conducts ID verification as a public good on the network to make users can transact safely on Haven1.

Applications building on Haven1 network may choose to personalise user experience on the platform based off anonymised data available on the Haven1 Passport NFT or may seek user consent to get additional attributes.

1. Mandatory User Verification

All users(Individuals or developers or Corporates) are required to undergo a verification process before being permitted to transact on the Haven1 platform. This process is essential to ensure Haven1 remains a REKT resistant network.

2. Identity Verification Process for Individuals

• As an Individual user, you will be expected to declare your country of residence and nationality

• You will also have to undergo a Liveness check and capture photos of the Government issued ID document live.

• Verification process will also involve a facial match against the photo on the provided identification document to confirm your identity.

• You(individual or corporate) will be allowed only one Proof of Identity NFT(Haven1 Passport), which can be linked to multiple wallets through settings in the Haven1 Portal.

3. Identity Verification Process for Corporates

For corporate users, we will be capturing an extensive set of information. This will include:-

• Your corporate information such as Company Name, Registration Number, Jurisdiction Country and Address

• Legal representative will undergo a liveness check, live capture of ID document, address verification , authorisation in case legal representative is not listed in register of directors and shareholders

• Certificate of incorporation, memorandum of association and register of directors and shareholders

• UBO verification

  • When UBO is a company : submission of certificate of incorporation, memorandum of association and register of directors and shareholders.

  • When UBO is an individual : ID information and Proof of Address will be collected of every director and every shareholder with more than 25% ownership

All developers deploying applications on Haven1 will have to go through KYB before their application is available on Haven1 mainnet.

4. Screening Against Regulatory Lists

• For individuals, The name, date of birth and nationality(wherever available) is extracted from the identification document will be cross-referenced with relevant regulatory lists. Any potential matches will undergo manual review, and verified matches will result in the rejection of the identity verification.

• For corporates, the corporation as well as all officers and shareholders will be cross referenced against relevant regulatory lists. Any potential matches will similarly undergo manual review, and verified matches will result in the rejection of the identity verification.

5. Document Acceptance and Restrictions

Haven1 will not allow users and developers residing in following countries to onboard on the network. These countries are:-

• DPRK

• Cuba

• Iran

• Syria

• Myanmar

• Crimea, Donetsk, Luhansk region of Ukraine

For other countries, Haven1 will accept commonly accepted ID documents such as

• National ID Card

• Passport

• Driving License

• Residency Proof

6. User rejection scenarios

An individual or an institution may be refused onboarding on Haven1 because of the following scenarios

For individuals:-

• The user provides a fake document

• The user is flagged as a duplicate

• The user is flagged for a face match that does not match

• The client is listed on a sanctions list, subject to restrictive measures, or has a positive match with the unfavourable media list related to AML-CFT

• The client is a Politically Exposed Person (PEP).

For corporates:-

• The provided data does not allow clear identification of the UBOs

• The user or the corporate is domiciled in a high-risk country (cf. 5.),

• Any of the directors is listed on a sanctions list, subject to restrictive measures, or has a positive match with the unfavourable media list related to AML-CFT

• Any of the directors is a Politically Exposed Person (PEP)

7. Proof of Identity NFT

Upon successful identity verification, a Proof of Identity NFT (Haven1 Passport) will be minted and linked to the user’s wallet.

This NFT will include details such as:-

• the date of ID verification

• expiry date of the ID document if available (in case of individual)

• nationality(in case of individual)

• country of residence/Jurisdiction country

• and the issuing country of the user from the ID(in case of individual)

8. Continuous Screening

Daily screening against regulatory lists will be conducted. Any user identified as a match on an AML list will have their POI suspended and will be off-boarded from the network. Users will have the opportunity to appeal for reinstatement through our customer support team. These lists are provided by ComplyAdvantage.

Haven1 will also add on chain screening to ensure only trusted participants are allowed to onboard Haven1

9. Refresh of Identity Information

• Users are required to update their identity information upon the expiry of their ID document or after three years from the date of last verification, whichever occurs first.

• Users will be given a notice to update their information within a certain time period leading upto expiry date. In case the user doesnt refresh their information, their POI will be suspended and will only be reinstated if they pass identity verification again.

• Users residing in FATF grey list countries may be needing to renew their identity verification more frequently.

10. Data Security

• Identity information will be securely stored by our Identity verification partner.

• This partner complies with the General Data Protection Regulation (GDPR) and acts solely as a Data Processor

• The partner will not have access to user wallets, ensuring no linkage of stored identity information to on-chain activities.

11. Applications on Haven1 decide their compliance policies

• Applications on Haven1 can restrict or permit access based on the country information provided in the POI NFT.

• Applications may request additional identity information from users, subject to user consent.

• Applications may require users to refresh their identity verification periodically to maintain access to services. This will necessitate users to undergo the verification process again.

• Haven1 is not a regulated entity and conducts identity verification as a public service to enhance the network's integrity. Builders and users should not assume that these verifications meet all jurisdictional regulatory requirements. Please ensure that additional compliance needs specific to your jurisdiction are independently met

12. KYC partner strategy

• Initially, Haven1 will operate with a single KYC partner. We will work with Synaps. Plans are in place to integrate multiple partners over time to prevent unfair user censorship.

• Periodic audits will be conducted to ensure that our KYC partner complies with set Service Level Agreements (SLAs) and maintains high standards of verification quality.

13. Evolving with changing regulatory landscape

Haven1 is committed to staying abreast of regulatory changes and will adapt its policies in coordination with applications and validators.

¹ a physical person is needed at the end of the structure; when an entity is Ubo, the structure must be prolonged until a physical individual is identified.