RUSI and ACAMS have launched a new survey seeking to better understand the potential for digital ID to aid in the fight against financial crime.
RUSI (Royal United Services Institute) and ACAMS have launched a new survey seeking views on how the financial crime community views digital ID.
Digital ID represents one solution to the heightened risk of online fraud in an increasingly digitalised world, enabling remote and secure verification to protect financial institutions and consumers alike.
In March 2020, the FATF (Financial Action Task Force) published its first guidance document on the use of digital ID in the fight against financial crime, offering recommendations for local authorities to develop guidelines allowing for the use of digital ID systems by regulated entities for AML/CFT purposes.
Last year also saw increased interest in digital ID as governments and financial institutions around the world sought to overcome the financial crime compliance challenges created by the coronavirus pandemic.
The survey seeks to take stock of how the financial crime community views digital ID, the potential it holds in the fight against financial crime, and how opinions differ on this topic around the world.
The survey, available here, is open until 5 March 2021.
The results of the survey will be used to inform a report which will be made publicly available on the RUSI website and will be launched at the ACAMS Hollywood conference in April 2021.
Please address questions on the survey to Isabella Chase, Research Fellow, RUSI’s Centre for Financial Crime and Security Studies.