AWS marketplace medium security documentation change
Summary
Made KYC process mandatory for specific regions/use cases and expanded regulatory compliance details
Security assessment
Changes enforce anti-money laundering compliance (citing PSD2 and EU directives) and identity verification requirements, directly addressing financial security controls.
Diff
diff --git a/marketplace/latest/userguide/seller-registration-process.md b/marketplace/latest/userguide/seller-registration-process.md index 8f49ed00d..b30e6aa38 100644 --- a//marketplace/latest/userguide/seller-registration-process.md +++ b//marketplace/latest/userguide/seller-registration-process.md @@ -5 +5 @@ -Step 1: Create your public profileStep 2: Provide tax informationStep 3: Provide bank account information(Optional) Step 4: Complete the Know Your Customer (KYC) processStep 5: Complete bank account verification processAlready an AWS Marketplace seller? +Step 1: Create your public profileStep 2: Provide tax informationStep 3: Provide bank account informationStep 4: Complete the Know Your Customer (KYC) processStep 5: Complete bank account verification processAlready an AWS Marketplace seller? @@ -27 +27 @@ To register as a seller, complete the following steps. - * (Optional) Step 4: Complete the Know Your Customer (KYC) process + * Step 4: Complete the Know Your Customer (KYC) process @@ -169 +169,14 @@ To update information in your Hyperwallet account, contact the Hyperwallet suppo -## (Optional) Step 4: Complete the Know Your Customer (KYC) process +## Step 4: Complete the Know Your Customer (KYC) process + +Completing the Know Your Customer (KYC) process is required for sellers to: + + * Get paid for Republic of Korea transactions + + * Transact using U.K.-based bank accounts + + * Simplify selling to EMEA customers + + + + +This step is optional but recommended for other regions. KYC involves providing additional information about your company, key points of contact, beneficial ownership, and supporting documentation. @@ -175 +188,9 @@ Only verified users can process refunds, amend KYC information, and change finan -For you as a seller to transact using a UK-based bank account or through Amazon Web Services EMEA SARL, you are required to complete the KYC process. This process involves providing additional information about your company, key points of contact, beneficial ownership, and supporting documentation. +KYC is a compliance requirement used by financial institutions and online businesses to verify the identity of their customers. This requirement is due to: + + * Article 5-2 of the Act on Reporting and Using Specified Financial Transaction Information in the Republic of Korea + + * Payment Services Directive (PSD 2) + + * European Union anti-money laundering directives that govern financial institutions + + @@ -177 +197,0 @@ For you as a seller to transact using a UK-based bank account or through Amazon -Know Your Customer (KYC) is a compliance requirement used by financial institutions and online businesses to verify the identity of their customers. This requirement is due to the revised Payment Services Directive (PSD 2) and European Union anti-money laundering Directives that govern financial institutions such as banks and other payment institutions. @@ -248 +268 @@ Only secondary users that are KYC verified can make the aforementioned updates. -To become KYC verified, secondary users must complete the procedure in (Optional) Step 4: Complete the Know Your Customer (KYC) process. +To become KYC verified, secondary users must complete the procedure in Step 4: Complete the Know Your Customer (KYC) process.