All posts tagged "identity verification"
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71AML / KYCNZ FMA Issues New Guidance on Electronic ID Verification
A new Explanatory Note identifies electronic sources of information that reporting entities can use for identity verification.
July 18, 2021 -
171AML / KYCJapan FSA, BOJ to Assess AML, Anti-fraud Measures at FIs
The FSA and BOJ are reportedly looking to better understand whether AML, anti-fraud, and cybersecurity measures at FIs are adequate.
July 15, 2021 -
169AML / KYCEftpos Launches Business to Make Digital IDs Interoperable
ConnectID acts as a ‘broker’ between identity providers, securely facilitating identity verification and data exchange, without storing identity data.
July 1, 2021 -
360AML / KYCDigital Identity: A Sound Model for Risk Mitigation
Lax attitudes towards security by consumers have made it increasingly important for banks to take advantage of digital identity systems and put in place robust security measures.
June 29, 2021 -
178AML / KYCEuropean Commission Proposes European Digital Identity Regulation
To expedite the initiative, the European Commission has issued a recommendation for member states to establish a common toolbox by September 2022.
June 8, 2021 -
325AML / KYCHKMA Urges Banks to Use iAM Smart in Remote Onboarding
The HKMA clarifies that when iAM Smart is used for identity verification, record keeping requirements may be met by retaining data obtained via API.
May 25, 2021 -
198AML / KYCThailand to Tighten Crypto Exchange Account Opening Rules
Crypto exchanges will reportedly be required to verify customers’ identities using special machines that require Thai national IDs and physical presence.
May 6, 2021 -
430AML / KYCTaiwan to Require Crypto Sector to Comply with AML Rules
Crypto exchanges and trading platforms will have to comply with AML requirements for conventional banks starting 1 July.
April 22, 2021 -
334AML / KYCSEC Thailand Allows Crypto Exchange Bitkub to Resume Services
Bitkub has been allowed to resume accepting new clients. A warning was issued against Binance. Huobi was ordered to suspend services.
April 12, 2021 -
260AML / KYCUK Issues Draft Rules to Promote Trust in Digital Identity
New draft rules are aimed at deepening trust and confidence in digital identities through the adoption of common standards to safeguard personal data and privacy.
February 16, 2021
