Great question! As the first regulated real estate investment platform in the MENA region, we are legally required to ask for this information. Think of it as no different than opening up a bank account. You’d be worried if your bank wasn’t asking customers the right questions before opening up their accounts, right? It’s the same concept.
SmartCrowd is regulated by the Dubai Financial Services Authority (DFSA) and is required to comply with Know-Your-Customer (KYC) and Anti-Money Laundering (AML) controls. For this reason, all investors must submit proof of identity (selfie, valid passport and/or national ID) and proof of residence (e.g., utility bills, bank statements, tenancy contracts, etc.) along with their employment information, source of wealth, and current annual income.
Remember, your data is securely stored and never shared without consent.