Pavel Shust
The National Bank coordinates the process by aligning its requirements for electronic identification systems with international requirements for the prevention of money laundering and terrorist financing.
The event dedicated to the implementation of these information solutions by banks caused a wide resonance. Representatives of financial institutions were told what challenges they might face in developing e-KYC policies and procedures to ensure that remote identification technology does not contradict international standards.
IFC international expert Pavel Shust presented a global perspective of e-KY implementation based on successful examples from EU member states. He emphasized the need to adapt the technology to local peculiarities and level of digital maturity, as well as to recent changes in the FATF standards on non-physical customer identification.
The standards include process management, identity verification and technical audits. Key was the importance of continuously monitoring customer relationships in the digital environment to identify risks and detect suspicious behavior. The e-KYC service has extensive capabilities, including verification of the subject (with their consent) by IDNP, their credit history (during live streaming), and physical presence.
Remote facial recognition technology is also provided. The resulting image will be verified against the state population register.
