---
title: "Why is KYC required? - Get Funded Now"
description: "KYC and AML checks help GFN verify that accounts belong to genuine individual traders and help prevent fraud, identity misuse, duplicate-account abuse and…"
url: "https://getfundednow.com/faq/why-is-kyc-required"
language: "en"
last_modified: "2026-09-22"
publisher: "Get Funded Now (getfundednow.com)"
translations:
  es: "https://getfundednow.com/es/faq/why-is-kyc-required"
  pt-BR: "https://getfundednow.com/pt-br/faq/why-is-kyc-required"
  fr: "https://getfundednow.com/fr/faq/why-is-kyc-required"
  it: "https://getfundednow.com/it/faq/why-is-kyc-required"
  de: "https://getfundednow.com/de/faq/why-is-kyc-required"
disclosure: "All trading at Get Funded Now is simulated. 'Funded' means a simulated or virtual account; GFN is not a broker and does not hold client funds."
---

Payouts

# Why is KYC required?

KYC and AML checks help GFN verify that accounts belong to genuine individual traders and help prevent fraud, identity misuse, duplicate-account abuse and other prohibited activity.

[← All questions](https://getfundednow.com/faq)

## The full answer

KYC and AML checks help GFN verify that accounts belong to genuine individual traders and help prevent fraud, identity misuse, duplicate-account abuse and other prohibited activity.

[Start your challenge →](https://getfundednow.com/challenges) · [Read the full rules](https://getfundednow.com/rules)

## Explained in full

- [KYC and Verification](https://getfundednow.com/rules/kyc-and-verification) - The rule, explained - Identity verification may be required before a funded account is issued and before a payout. Account, ID and payout details must match one person.

## Terms used in this answer

[AML](https://getfundednow.com/glossary/aml) · [KYC](https://getfundednow.com/glossary/kyc)

## Related questions

- [Do I need to complete KYC before receiving a payout?](https://getfundednow.com/faq/do-i-need-kyc-before-a-payout) - Payouts - Yes. GFN may require identity and compliance verification before issuing a Funded Account and/or processing a payout.
- [Does the name on my payout account need to match my GFN account?](https://getfundednow.com/faq/does-the-payout-name-need-to-match) - Payouts - Yes. Your GFN account, identity verification and payout details should belong to the same individual.
- [What are the payout methods - how do I get paid?](https://getfundednow.com/faq/what-are-the-payout-methods) - Payouts - GFN pays traders through Rise (Riseworks), which lets you withdraw by ACH, bank wire or crypto. The payout must go to the same person who holds and verified the account.
- [Can I receive my payout in crypto?](https://getfundednow.com/faq/can-i-get-paid-in-crypto) - Payouts - Yes - crypto is one of the withdrawal options available through Rise, GFN's payout provider, alongside ACH and bank wire.

## More answers on kyc and verification

- [What happens if I cannot pass KYC?](https://getfundednow.com/faq/what-if-i-cannot-pass-kyc) - GFN cannot issue services or payouts that require successful identity verification where the customer is unable to satisfy the required checks.
- [What is KYC?](https://getfundednow.com/faq/what-is-kyc) - KYC stands for Know Your Customer.
- [When will I need to complete KYC?](https://getfundednow.com/faq/when-will-i-need-to-complete-kyc) - GFN may require verification before issuing a Funded Account, before processing a payout or at another point where additional account verification is necessary.

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Source: https://getfundednow.com/faq/why-is-kyc-required
Facts about Get Funded Now in one file: https://getfundednow.com/llms.txt