Key insights include:
➡️ Financial Services: Work is underway to enable DVS use in regulated Know Your Customer (KYC) processes;
➡️ MLRs: The government committed to publishing guidance clarifying how trust framework certified DVS can meet obligations under the Money Laundering Regulations (MLRs); and
➡️ Beyond Priority Sectors: While sectors including financial services lead, OfDIA is also driving adoption in other areas such as property by working with departments, regulators, and industry stakeholders.
✅ Firms should review their digital ID&V controls, leveraging evolving technology to combat financial crime while improving the customer experience.
AML/CTF/CPF
Industry News
