diff --git a/packages/wallet-webui/src/routes/App.tsx b/packages/wallet-webui/src/routes/App.tsx
index e649abaf4..7772198ab 100644
--- a/packages/wallet-webui/src/routes/App.tsx
+++ b/packages/wallet-webui/src/routes/App.tsx
@@ -2072,7 +2072,7 @@ function PeerCreateRoute(props: { mode: "send" | "request" }) {
 }
 
 function PeerShareRoute() {
-  const { connection } = useServices();
+  const { connection, platform } = useServices();
   const callMutation = useWalletMutation(connection);
   const [, params] = useRoute("/peer/share/:transactionId/:mode");
   const [, navigate] = useLocation();
@@ -2132,7 +2132,20 @@ function PeerShareRoute() {
               /* Translators: Peer payments transfer digital cash between people using links. A shared link can offer money to receive or request money to be paid. */ i18n.str`This peer link is no longer available.`,
             )
           : transactionProblem;
-  const loading = query.isLoading || (!uri && !error);
+  // The exchange may require identity verification before the link exists
+  // (e.g. a request above its limit): say so instead of waiting for it.
+  const kycUrl =
+    transaction &&
+    !uri &&
+    transaction.txState.major === TransactionMajorState.Pending &&
+    safeWebUrl(transaction.kycUrl)
+      ? transaction.kycUrl
+      : undefined;
+  const kycInit =
+    transaction &&
+    !uri &&
+    transaction.txState.minor === TransactionMinorState.KycInit;
+  const loading = query.isLoading || (!uri && !error && !kycUrl);
   const [delayed, setDelayed] = useState(false);
   useEffect(() => {
     setDelayed(false);
@@ -2175,7 +2188,16 @@ function PeerShareRoute() {
       uri={uri}
       loading={loading}
       delayed={delayed}
+      kycInit={Boolean(kycInit)}
       error={error}
+      kyc={
+        kycUrl && !error
+          ? {
+              reviewing: Boolean(transaction?.kycAmlReview),
+              onOpen: () => void platform.openExternal(kycUrl),
+            }
+          : undefined
+      }
       retryable={retryable}
       retrying={retrying}
       onCopy={() => {
diff --git a/packages/wallet-webui/src/screens/PeerShareScreen.tsx b/packages/wallet-webui/src/screens/PeerShareScreen.tsx
index 1b4d2f613..7c5bf7276 100644
--- a/packages/wallet-webui/src/screens/PeerShareScreen.tsx
+++ b/packages/wallet-webui/src/screens/PeerShareScreen.tsx
@@ -10,6 +10,10 @@ export function PeerShareScreen(props: {
   uri?: string;
   loading: boolean;
   delayed?: boolean;
+  /** wallet-core is fetching the exchange's identity verification requirements */
+  kycInit?: boolean;
+  /** the exchange requires identity verification before the link is created */
+  kyc?: { reviewing: boolean; onOpen: () => void };
   error?: ErrorPresentation;
   retryable?: boolean;
   retrying?: boolean;
@@ -38,12 +42,39 @@ export function PeerShareScreen(props: {
       {props.loading && (
         <Card>
           <p role="status">
-            {props.delayed
-              ? /* Translators: An exchange is a GNU Taler service issuing and redeeming digital cash, not an action that converts one currency into another. */ i18n.str`Waiting for a response from the exchange…`
-              : /* Translators: The exchange is preparing a link for a peer transfer or request that the user can share with the other person. */ i18n.str`Preparing a secure share link…`}
+            {props.kycInit
+              ? i18n.str`Loading identity verification requirements`
+              : props.delayed
+                ? /* Translators: An exchange is a GNU Taler service issuing and redeeming digital cash, not an action that converts one currency into another. */ i18n.str`Waiting for a response from the exchange…`
+                : /* Translators: The exchange is preparing a link for a peer transfer or request that the user can share with the other person. */ i18n.str`Preparing a secure share link…`}
           </p>
         </Card>
       )}
+      {props.kyc && (
+        <Card class="border-warning bg-warningContainer">
+          <h2 role="alert" class="font-semibold text-onWarningContainer">
+            {props.kyc.reviewing
+              ? i18n.str`Waiting for review`
+              : i18n.str`Identity verification required`}
+          </h2>
+          <p class="mt-2 text-sm text-onWarningContainer">
+            {props.kyc.reviewing
+              ? i18n.str`The exchange is reviewing your account. Please wait.`
+              : /* Translators: An exchange is a GNU Taler service issuing and redeeming digital cash, not an action that converts one currency into another. */ i18n.str`Complete the required identity verification on the exchange's website.`}
+          </p>
+          <div class="mt-4 flex flex-wrap justify-end gap-3">
+            <Button
+              tone="secondary"
+              onClick={props.onDone}
+            >{i18n.str`View transaction`}</Button>
+            <Button onClick={props.kyc.onOpen}>
+              {props.kyc.reviewing
+                ? i18n.str`View verification details`
+                : i18n.str`Complete verification`}
+            </Button>
+          </div>
+        </Card>
+      )}
       {props.error && (
         <ErrorCard error={props.error}>
           {props.retryable && (