commit 612828b7ef2299769a5b525a0fbf031858edc4f4
parent 555cbca862f3c56bfd7a2d6c785a05a511b0fd54
Author: Christian Grothoff <christian@grothoff.org>
Date: Sun, 17 Sep 2023 14:11:57 +0200
update flows according to MG
Diffstat:
6 files changed, 33 insertions(+), 32 deletions(-)
diff --git a/doc/flows/kyc-deposit.tex b/doc/flows/kyc-deposit.tex
@@ -67,17 +67,17 @@
{\bf Setting} & {\bf Type} & {\bf Value} \\ \hline \hline
Allowed bank accounts & RFC 8905 RegEx & {\em CH*} \\ \hline
KYB deposit threshold & Amount/month & {\em 5000 CHF} \\
- KYB deposit threshold & Amount/year & {\em 25000 CHF} \\
+ KYB deposit threshold & Amount/year & {\em 15000 CHF} \\
Default AML deposit threshold & Amount/month & {\em 5000 CHF} \\
\end{tabular}
\end{table}
-The KYB deposit threshold of 5'000 \CURRENCY{} per month and than 25'000
-\CURRENCY{} per year ensure compliance with article 48-1b.
+%The KYB deposit threshold of 5'000 \CURRENCY{} per month and than 15'000
+%\CURRENCY{} per year ensure compliance. % with article 48-1b.
Additionally, our terms of service will prohibit businesses to receive
-amounts exceeding 1'000 \CURRENCY{} per transaction (well below the
-15'000 \CURRENCY{} threshold defined in article 24-1c).
+amounts exceeding 1'000 \CURRENCY{} per transaction.
+%(well below the 15'000 \CURRENCY{} threshold defined in article 24-1c).
SMS-Identification is done by in-house software. KYB data is initially
obtained and vetted by one of several external KYB providers before
diff --git a/doc/flows/kyc-pull.tex b/doc/flows/kyc-pull.tex
@@ -78,13 +78,13 @@
Permitted phone numbers & Dialing prefix & {\em +41} \\
SMS-Identification & Amount/month & {\em 0 CHF} \\
P2P KYC threshold & Amount/month & {\em 5000 CHF} \\
- P2P KYC threshold & Amount/year & {\em 25000 CHF} \\
+ P2P KYC threshold & Amount/year & {\em 15000 CHF} \\
Default P2P AML threshold & Amount/month & {\em 5000 CHF} \\
\end{tabular}
\end{table}
-The P2P KYC thresholds of 5'000 \CURRENCY{} per month and than 25'000
-\CURRENCY{} per year ensure compliance with article 49-2c.
+%The P2P KYC thresholds of 5'000 \CURRENCY{} per month and than 15'000
+%\CURRENCY{} per year ensure compliance with article 49-2c.
SMS-Identification is done by in-house software. KYC data is initially
obtained and vetted by one of several external KYC providers before
diff --git a/doc/flows/kyc-push.tex b/doc/flows/kyc-push.tex
@@ -76,13 +76,13 @@
Permitted phone numbers & Dialing prefix & {\em +41} \\
SMS-Identification & Amount/month & {\em 0 CHF} \\
P2P KYC threshold & Amount/month & {\em 5000 CHF} \\
- P2P KYC threshold & Amount/year & {\em 25000 CHF} \\
+ P2P KYC threshold & Amount/year & {\em 15000 CHF} \\
Default P2P AML threshold & Amount/month & {\em 5000 CHF} \\
\end{tabular}
\end{table}
-The P2P KYC thresholds of 5'000 \CURRENCY{} per month and than 25'000
-\CURRENCY{} per year ensure compliance with article 49-2c.
+%The P2P KYC thresholds of 5'000 \CURRENCY{} per month and than 15'000
+%\CURRENCY{} per year ensure compliance. % with article 49-2c.
SMS-Identification is done by in-house software. KYC data is initially
obtained and vetted by one of several external KYC providers before
diff --git a/doc/flows/kyc-withdraw.tex b/doc/flows/kyc-withdraw.tex
@@ -45,14 +45,14 @@
Allowed bank accounts & RFC 8905 RegEx & {\em CH*} \\ \hline
SMS-Identification & Amount/month & {\em 200 CHF} \\
Withdraw limit & Amount/month & {\em 5000 CHF} \\
- Withdraw limit & Amount/year & {\em 25000 CHF} \\
+ Withdraw limit & Amount/year & {\em 15000 CHF} \\
Bounce period & Delay & 1 month \\
\end{tabular}
\end{table}
-The limit of 200 \CURRENCY{} results from article 48-2. Strictly limiting
-withdrawals to less than 5'000 \CURRENCY{} per month and less than 25'000
-\CURRENCY{} per year assures compliance with article 48-1c.
+%The limit of 200 \CURRENCY{} results from article 48-2. Strictly limiting
+%withdrawals to less than 5'000 \CURRENCY{} per month and less than 15'000
+%\CURRENCY{} per year assures compliance with article 48-1c.
SMS-Identification is done by in-house software. Withdraw limits are
hard and cannot be raised even if the customer is known.
diff --git a/doc/flows/main.tex b/doc/flows/main.tex
@@ -63,10 +63,10 @@ fees (see Section~\ref{sec:fees:coin}) that apply to prevent the coins from
expiring outright.
For customers, we will categorically limit of digital cash withdrawn per month
-to less than CHF 5'000 per month and less than CHF 25'000 per year, thus
+to less than CHF 5'000 per month and less than CHF 15'000 per year, thus
ensuring that consumers remain below the thresholds where most regulatory
processes become applicable. Payments between users will be limited
-to receiving less than CHF 2'500 per month and less than CHF 25'000 per year.
+to receiving less than CHF 2'500 per month and less than CHF 15'000 per year.
We will ensure that customers are Swiss
(see Section~\ref{sec:proc:domestic}) by requiring them to have a Swiss bank
account and/or a Swiss phone number (+41-prefix).
@@ -76,7 +76,7 @@ account and/or a Swiss phone number (+41-prefix).
For {\bf merchants}, the Taler equivalent of ``opening'' an account and thus
establishing an ongoing business relationship is for a business to receive
payments (see Section~\ref{sec:pay}) exceeding CHF 5'000/month or CHF
-25'000/year. We will consider the account ``open'' (and require up-to-date KYB
+15'000/year. We will consider the account ``open'' (and require up-to-date KYB
information and check sanction lists) as long as the business has made any
transactions within the last 24 months.
diff --git a/doc/flows/proc-kyb.tex b/doc/flows/proc-kyb.tex
@@ -78,20 +78,21 @@ vs. Table~\ref{table:proc:kyb:business}).
\label{table:proc:kyb:business}
\begin{center}
\begin{tabular}{l|c|r}
- {\bf Type} & {\bf Required} & {\bf Example} \\ \hline \hline
- Company name & yes & Mega AG \\
- Registered office & yes & Seestrasse 4, 8008 Zuerich \\
- Company identification document & yes & PDF file \\
- Power of attorney arrangement & yes & PDF file \\
- Business registration number & yes & \\
- Business registration document & yes & PDF file \\
- Registration authority & yes & \\ \hline
- Contact person name & yes & Max Mustermann \\
- Identification document & yes & JPG image \\
- Date of birth & yes & 1.1.1980 \\
- Nationality & yes & Swiss \\
- E-mail & yes & me@example.com \\
- Phone number & no & +41-123456789 \\
+ {\bf Type} & {\bf Required} & {\bf Example} \\ \hline \hline
+ Company name & yes & Mega AG \\
+ Registered office & yes & Seestrasse 4, 8008 Zuerich \\
+ Company identification document & yes & PDF file \\
+ Power of attorney arrangement & yes & PDF file \\
+ Business registration number & yes & \\
+ Business registration document & yes & PDF file \\
+ Registration authority & yes & \\ \hline
+ Authorized person name & yes & Max Mustermann \\
+ Share/authorization certification & yes & PDF file \\
+ Identification document & yes & JPG image \\
+ Date of birth & yes & 1.1.1980 \\
+ Nationality & yes & Swiss \\
+ E-mail & yes & me@example.com \\
+ Phone number & no & +41-123456789 \\
\end{tabular}
\end{center}
\end{table}
