The EU’s anti-money laundering authority wants electronic ID, including the bloc’s European Digital Identity (EUDI) wallet, to become the standard way people prove their identity to banks.
Remote alternatives such as video and selfie checks will still be allowed, but only as an exception that the bank will have to justify to its supervisor.
The EUDI wallet was sold to EU citizens as a voluntary, convenient, and secure way to store their ID, driver’s license, and other documents, and to use it for accessing public and private services online and in person.
The EU’s Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) has submitted its final draft standards for customer due diligence to the European Commission (EC).
AMLA is pushing for the EUDI wallet to be the go-to choice here, saying that electronic identification means, including the wallet, “should be used wherever possible.”
The standard refers to the wallet as “European Digital Identity Wallets” and says that it is one of the electronic identification means that provides “substantial” or “high” assurance levels, and should therefore be used wherever possible.
The draft standard covers customer due diligence, including “the information companies and professionals must collect and verify,” as well as “non-face-to-face verification, electronic identification, and screening of politically exposed persons.”
No comments:
Post a Comment