The verification process is carried out in full compliance with all EU laws and regulations, with strict observance of confidentiality requirements. Importantly, during the verification process SEPA transmits your data directly to your bank, and the final verification is performed by your bank to confirm that the details are correct, that the bank account belongs to you, and that all other required checks are successfully completed. This verification is conducted solely for your protection, in order to ensure the security of the sender’s and recipient’s funds and to make financial transactions safe and secure.