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Shores performs identity checks on every depositor and borrower.

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Depositors

Before a wallet can mint shUSD:
  1. Identity verification for individuals, and business verification including beneficial owners for entities. [TBD: confirm scope]
  2. Sanctions screening.
  3. Wallet screening for risk factors. Wallets that fail screening cannot mint.
  4. Tax self-certification. [TBD: confirm CRS/FATCA wording]
[TBD: verification provider names for publication, plus verification tiers and limits]

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Borrowers

Borrowers (and, for companies, their owners) complete identity checks as part of underwriting. See How to borrow.