As Adyen offers a financial service, Adyen is legally required to process so called ‘Know Your Customer’ (KYC) information for the verification of its clients according to applicable laws and regulations, such as Article 3 of the Dutch Anti-Money Laundering and Anti-Terrorist Financing Act (Wwft). That includes you as a platform seller.
These laws and regulations are in place to make sure that we check for terrorist financing, money laundering, tax evasion or other financial crimes.
KYC information can, for example, be a passport, or other identification documentation information such as a driving license or utility bill.