Regulatory Alerts2025-02-28
Circular to Banks No. 2025-06 of February 28, 2025
The Central Bank of Tunisia issued Circular No. 2025-06 to establish minimum regulatory requirements for the electronic onboarding of clients, mandating banks to implement secure, automated or semi-automated identification processes that meet or exceed physical verification standards. The circular requires comprehensive governance frameworks, including formalized procedures, risk mapping, incident management, continuous staff training, and pre-implementation technological testing to minimize false acceptance rates. It further regulates third-party outsourcing, mandates prior notification and approval dossiers to the central bank, and imposes strict data protection, biometric verification, audit, and reporting obligations to combat money laundering and terrorist financing.