What can I do about this clause?

{'method': 'WEB_FORM', 'recipient': 'https://www.binance.us/en/support', 'difficulty': 'MODERATE', 'action_type': 'EXPORT_DATA', 'instructions': "California residents may request access to or deletion of their personal KYC data under CCPA by submitting a data request through Binance.US's support portal. Navigate to the privacy or data rights section and submit your request with your account-verified email address.", 'deadline_days': None, 'deadline_hours': None}

Which regulatory agencies enforce this type of clause?

{'agency': 'FTC', 'reason': 'The FTC has authority over unfair or deceptive data practices related to the collection and use of personal financial information under Section 5 of the FTC Act.', 'complaint_url': 'https://reportfraud.ftc.gov/'}, {'agency': 'CFPB', 'reason': 'The CFPB has authority over financial data privacy and the adequacy of consumer disclosures regarding KYC data collection and sharing under GLBA and CFPA.', 'complaint_url': 'https://www.consumerfinance.gov/complaint/'}

What is the severity of this clause?

ConductAtlas classifies this KYC/AML Identity Verification Requirements clause as medium severity. Severity reflects the magnitude of rights affected, the breadth of users impacted, and the degree of discretion the platform retains.

Do other platforms have similar clauses?

Yes. ConductAtlas has identified similar KYC/AML Identity Verification Requirements clauses across approximately 1 other tracked platforms. You can compare how platforms differ on this clause type in the cross-platform comparison view.

KYC/AML Identity Verification Requirements — Binance.US

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What it is

You must provide your real identity information and government ID to use Binance.US, and the platform will verify your identity under its anti-money laundering compliance program.

Consumer impact (what this means for users)

Opening a Binance.US account requires submitting personal identity documents that are shared with regulatory authorities and law enforcement when required by law, meaning your cryptocurrency trading activity is not anonymous and is subject to government scrutiny.

What you can do

⚠️ These actions may provide transparency or partial mitigation but may not fully address the underlying issue. Effectiveness varies by jurisdiction and individual circumstances.

Export Your Data

California residents may request access to or deletion of their personal KYC data under CCPA by submitting a data request through Binance.US's support portal. Navigate to the privacy or data rights section and submit your request with your account-verified email address.

Cross-platform context

See how other platforms handle KYC/AML Identity Verification Requirements and similar clauses.

Compare across platforms →

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Why it matters (compliance & risk perspective)

Providing false identity information is a federal crime under BSA/AML laws, and Binance.US is required by law to share your identity information and transaction data with government authorities under certain circumstances.

View original clause language

IN ORDER TO USE CERTAIN FEATURES OF OUR SERVICES, YOU WILL BE REQUIRED TO REGISTER FOR AN ACCOUNT. WHEN REGISTERING FOR AN ACCOUNT, YOU AGREE TO: (A) PROVIDE ACCURATE, CURRENT, AND COMPLETE INFORMATION ABOUT YOURSELF AS PROMPTED BY THE REGISTRATION FORM; (B) MAINTAIN AND PROMPTLY UPDATE YOUR ACCOUNT INFORMATION TO KEEP IT ACCURATE, CURRENT AND COMPLETE; AND (C) ACCEPT ALL RISKS OF UNAUTHORIZED ACCESS TO YOUR ACCOUNT INFORMATION. BINANCE.US CONDUCTS IDENTITY VERIFICATION PURSUANT TO ITS CUSTOMER IDENTIFICATION PROGRAM AND ANTI-MONEY LAUNDERING POLICIES.

Institutional analysis (Compliance & legal intelligence)

(1) REGULATORY FRAMEWORK: Identity verification obligations are mandated by the Bank Secrecy Act (31 U.S.C. §5318) and FinCEN's Customer Identification Program rules for money services businesses (31 C.F.R. §1022.220). SAR filing obligations (31 C.F.R. §1022.320) require reporting suspicious activity including structuring and unusual transaction patterns. OFAC sanctions screening (31 C.F.R. Parts 500-598) requires blocking transactions with sanctioned individuals and entities. The Gramm-Leach-Bliley Act (15 U.S.C. §6801 et seq.) governs the privacy of nonpublic personal financial information collected during KYC. (2)

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Applicable agencies

FTC

The FTC has authority over unfair or deceptive data practices related to the collection and use of personal financial information under Section 5 of the FTC Act.
File a complaint →
CFPB

The CFPB has authority over financial data privacy and the adequacy of consumer disclosures regarding KYC data collection and sharing under GLBA and CFPA.
File a complaint →

Provision details

Document information

Document

Binance.US Terms of Use

Entity

Binance.US

Document last updated

March 14, 2026

Tracking information

First tracked

April 18, 2026

Last verified

April 18, 2026

Record ID

CA-P-002748

Document ID

CA-D-00064

Evidence Provenance

Source URL

https://www.binance.us/terms-of-use

Wayback Machine

View archived versions →

SHA-256

56f9641490665643f7631274dce37bf84e3b01c8ae29af1fe783b9abcbae3b20

Verified

✓ Snapshot stored ✓ Change verified

How to Cite

ConductAtlas Policy Archive
Entity: Binance.US | Document: Binance.US Terms of Use | Record: CA-P-002748
Captured: 2026-04-18 09:06:13 UTC | SHA-256: 56f9641490665643…
URL: https://conductatlas.com/platform/binanceus/binanceus-terms-of-use/kycaml-identity-verification-requirements/
Accessed: May 2, 2026

Classification

Severity

Medium

KYC/AML Identity Verification Requirements