What Is Know Your Customer (KYC)?

Last updated: May 7, 2026

Know Your Customer (KYC) is a regulatory requirement that helps platforms like Lifted verify users and maintain a safe, compliant environment.

KYC originates from financial regulations (including requirements from the U.S. Department of the Treasury under the Patriot Act) and ensures that businesses:

  • Know who their customers are

  • Can verify that users are who they claim to be

  • Confirm users are acting legitimately on the platform

  • Support compliance with financial and tax laws

Why KYC Matters

KYC helps protect both users and the platform. It allows Lifted to:

  • Prevent fraud and impersonation

  • Confirm account ownership

  • Detect and reduce suspicious or high-risk activity

  • Meet legal, financial, and regulatory requirements

By completing KYC requirements, you help maintain a trusted marketplace for talent and clients.

What KYC Includes

KYC is a broader compliance process that may include:

  • Verifying your identity

  • Confirming key account details such as your legal name, date of birth, and address

  • Validating tax or identification numbers where required

  • Running risk and compliance checks

  • Monitoring for unusual or suspicious activity over time

Not all users will go through the same checks, and requirements may vary depending on your activity, location, or risk signals.