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Compliance and identity

Verifying Identity

Beta. Parts of what these docs describe are still being built. The roadmap shows what is live today.

How Cyphron confirms who owns each account, and how cross-border rules are handled once a payment passes the relevant threshold.

The verification process

We verify identity a single time, when the account is created, using Cyphron's verification provider (Persona or a comparable regulated vendor).

  1. Upload a photo of your government-issued ID
  2. Record a liveness check, a short selfie video compared with the ID photo
  3. Most checks are approved in minutes, while a few go to a person for review

Enhanced verification, required for higher limits or for a Business account, also asks for:

  • Proof of address, for example a recent bank statement or utility bill
  • For Business accounts, standard KYB documents covering incorporation and beneficial ownership

Verification levels and limits

Level Daily limit Requirements
Basic Up to $2,500 Government ID and liveness check
Enhanced Up to $25,000 Everything in Basic, plus proof of address
Business Negotiated KYB documents and disclosure of beneficial owners

Needs that go past the Business level are reviewed case by case, usually with the compliance team directly involved.

Travel Rule compliance

Under the Travel Rule, financial institutions must send originator and beneficiary information with transfers over a threshold set by each jurisdiction, which is $3,000 in the United States. Cyphron handles this in three ways:

  1. Screening. Before a payment over the threshold settles, the receiving address is run against sanctions and risk lists using Chainalysis or TRM Labs.
  2. Direct exchange between institutions. When the receiving institution is regulated and requires Travel Rule data, the details are sent straight from one compliance system to the other and are never put on the public chain.
  3. Hidden amount, shared identity. On-chain, the amount remains encrypted the whole time. The Travel Rule is about who is involved, not how much, so the two are kept apart: compliance information flows through compliance channels, and no plaintext amount ever reaches the ledger.

What triggers extra review

  • Payments that exceed the limit for your level
  • Payments to or from an address flagged during sanctions or risk screening
  • Activity that looks like structuring, such as multiple payments sitting just below a reporting threshold

A flagged payment can be paused for manual review. If one of yours is affected, you will get a notice in the app.