Flykk is an Iban based digital walletAutomic is a share registry...

Flykk is an Iban based digital wallet
Automic is a share registry for the Australian market.
2 different businesses. Makes sense for each to do their kyc.

- It's like transferring money from anz to cba. Should cba verify who you are before issuing an account number? Or rely on details verified by anz?

- What about refinance between different lenders? Should the new lender verify who you are or rely on the original lenders verified details?

It 110% makes sense for flykk to verify its customers prior to generating an Iban number and moving shares from automic.

I guess you'd be worried if you were laundering money or funding something you shouldnt be. Maybe check with KG Capital if they need to verify who you are prior to buying your shares and transferring money to your account.

Standard kyc/aml policy!