As regulatory requirements tighten, KYC (Know Your Customer) and AML (Anti-Money Laundering) checks are becoming a standard expectation — and in many auction verticals, a legal obligation.

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BidHarvest® has developed a versatile compliance toolkit that caters to different levels of enforcement and risk appetite, giving auctioneers the freedom to choose when, where, and how to enforce identity checks.

Core Features: Built-In KYC & AML Capabilities

Secure ID Upload at Registration

• Online bidders are prompted to upload:
  • A valid photo ID
  • A recent proof of address
• Files are securely stored in the cloud (AWS)
• Only visible via encrypted, authenticated admin sessions

Offline Registrations

• Auction staff can capture ID by photographing documents straight into a vendor or buyer record

Optional 3DS Card Verification

• Add an extra security layer by requiring card tokenisation and 3D Secure validation as part of the bidder approval workflow
• Go further and take bidder deposits as part of the user registration or auction registration processes

Advanced Identity Verification with Stripe Identity

BidHarvest® integrates with Stripe Identity for deeper AML compliance. This includes:

• ID Match Verification
• Fraud and Chargeback History Checks
• PEP (Politically Exposed Person) Screening
• Global Sanctions List Matching

You can trigger these checks:

• Automatically for first-time bidders
• Only on high-value lots or certain auction types
• As a condition of consignment for vendors over a set lifetime sales threshold

Results are stored on the user’s client card with one-click access to the verification outcome and audit trail.

Why Auctioneers Need KYC/AML Checks

In a world where digital fraud and cross-border financial crime are rising, auctioneers must show proactive compliance. AML isn’t just a tick-box for regulators — it’s an operational necessity to:

• Meet local legal requirements
• Protect your business from fraudulent actors
• Demonstrate audit-ready due diligence
• Prevent reputational damage from failed checks

BidHarvest® empowers you to apply these measures selectively, ensuring you strike the right balance between security and risk appetite for your business or local regulations — while protecting the user experience.

Built for Flexibility

Whether your jurisdiction requires strict AML compliance or you’re preparing for future regulation, BidHarvest® lets you:

• Set your own approval workflows
• Adjust checks based on lot value, bidder history, or auction type
• Store all compliance data centrally and securely
• Scale with confidence as new rules emerge

Summary: Compliance Without Complexity

KYC/AML compliance can be complex — but your software shouldn’t be. BidHarvest® is built to give you:

• Configurable compliance workflows
• Integrated tools like Stripe Identity and secure ID upload
• Centralised audit records
• End-to-end protection from registration to settlement

Stay compliant, stay secure, and stay in control with BidHarvest®.