Regulatory Alerts2024-11-07
Regulation on Requirements for Electronic Customer Identity Verification Decision No 281 of 7 November 2024
The National Bank of Moldova issued Decision No 281 on 7 November 2024 to establish standardized requirements for the electronic identification and verification of customer identities. The regulation mandates financial institutions to implement secure digital processes for verifying customer credentials, ensuring compliance with anti-money laundering and counter-terrorist financing standards. It outlines specific technical and procedural obligations for electronic onboarding, thereby streamlining digital transactions while maintaining robust risk management across the banking sector.
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