Regulatory Alerts2021-09-09
Accepting the Digital ID on Absher Platform and Tawakklna Application
The Saudi Central Bank requires all supervised financial institutions to accept the Digital ID issued via the Absher platform and Tawakklna application as valid identity verification for existing customers in transactions that do not mandate a physical copy. Institutions must continuously evaluate risks associated with electronic ID reliance and implement appropriate mechanisms to retrieve digital copies when necessary. This directive, effective immediately, aligns the acceptance of QR-enabled digital IDs with existing Civil Status System regulations to streamline customer verification processes.
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