WorldX Innovation Inc.
IDENTITY VERIFICATION (KYC) & SAFETY POLICY
Effective Date: 03.27.2026
This Identity Verification (Know Your Customer – “KYC”) & Safety Policy (“Policy”) governs identity verification, fraud prevention, and safety procedures on the WorldX platform (“Platform”).
By using the Platform, you agree to the following:
1. PURPOSE OF KYC POLICY
WorldX implements identity verification and safety measures to:
- Prevent fraud, identity theft, and financial crime
- Enhance user trust and marketplace safety
- Comply with applicable laws and regulatory requirements
- Protect users, vendors, and the integrity of the Platform
2. SCOPE
This Policy applies to:
- Customers (travelers, buyers, users)
- Vendors (hosts, service providers, vehicle providers, etc.)
- Any individual or entity using the Platform
3. IDENTITY VERIFICATION REQUIREMENTS
WorldX may require users to complete identity verification at any time, including:
3.1 Basic Verification
- Full legal name
- Email address
- Phone number
3.2 Government ID Verification
- Passport
- Driver’s license
- National ID card
3.3 Biometric Verification
- Selfie or facial recognition
- Liveness checks
3.4 Business Verification (for Vendors)
- Business registration documents
- Tax identification numbers
- Proof of ownership or authorization
Failure to provide accurate information may result in account restriction.
4. THIRD-PARTY VERIFICATION PROVIDERS
WorldX may use third-party providers such as:
These providers may:
- Verify identity documents
- Conduct background checks
- Assess fraud risk
WorldX is not responsible for third-party verification outcomes.
5. ONGOING MONITORING
WorldX may conduct continuous monitoring of accounts for:
- Suspicious activity
- Fraud indicators
- Unusual transactions
- Behavioral anomalies
Verification may be re-requested at any time.
6. RISK-BASED APPROACH
WorldX applies a risk-based model, meaning:
Higher-risk users or transactions may require:
- Additional identity verification
- Manual review
- Enhanced due diligence
Factors may include:
- Transaction size
- Geographic location
- Behavioral patterns
- Payment method
7. BACKGROUND CHECKS (WHERE APPLICABLE)
For certain services (e.g., hosting, vehicle sharing):
WorldX may conduct background checks through third parties.
These checks may include:
- Criminal history (where legally permitted)
- Identity verification
- Sanctions screening
User consent is required where applicable by law.
8. FRAUD PREVENTION & SECURITY MEASURES
WorldX uses automated and manual systems to detect:
- Identity theft
- Account takeover attempts
- Payment fraud
- Fake listings
Measures may include:
- AI-based risk scoring
- Device fingerprinting
- IP monitoring
- Transaction pattern analysis
9. ACCOUNT RESTRICTIONS & ENFORCEMENT
WorldX may take action without prior notice, including:
- Account suspension or termination
- Transaction cancellation
- Withholding or reversing payments
- Reporting to authorities (where required)
10. USER RESPONSIBILITIES
Users agree to:
- Provide accurate and truthful information
- Maintain account security
- Not impersonate others
- Not use stolen or fraudulent identities
Users are responsible for all activity under their account.
11. DATA HANDLING & PRIVACY
Identity verification data:
- Is processed in accordance with the Privacy Policy
- May be stored securely for compliance purposes
- May be shared with verification providers
WorldX takes reasonable steps to protect sensitive information.
12. CROSS-BORDER DATA PROCESSING
Verification data may be processed in:
- Canada
- United States
- Other jurisdictions where service providers operate
By using the Platform, you consent to such transfers.
13. LIMITATION OF LIABILITY
WorldX does not guarantee that identity verification will:
- Detect all fraudulent users
- Prevent all security incidents
WorldX is not liable for:
- Fraud committed by users
- Inaccurate verification results
- Third-party provider errors
14. REGULATORY COMPLIANCE
This Policy is designed to align with applicable laws, including:
- Anti-money laundering (AML) requirements
- Counter-terrorism financing regulations
- Data protection laws
Users agree to comply with all applicable regulations.
15. CONSENT
By using the Platform, you:
- Consent to identity verification
- Authorize third-party checks (where applicable)
- Agree to automated decision-making processes
16. MODIFICATIONS
WorldX may update this Policy at any time.
Continued use of the Platform constitutes acceptance of changes.
17. CONTACT
For KYC or safety-related inquiries: