The Financial Crimes Investigation Board General Communiqué (No. 19), which sets the procedures and principles for remote identity verification methods to be used to verify customer identity, was published in the Official Gazette dated 30 April 2021 and numbered 31470.
The new Communiqué regulates:
– General principles of remote identity verification
– Remote identity verification in banking transactions
– Enhanced measures to be taken in remote identity verification
– Penalties to be applied for breaches of obligations.
The Communiqué will enter into force on 1/5/2021.
The Communiqué can be accessed at the link below:
https://www.resmigazete.gov.tr/eskiler/2021/04/20210430-7.htm
Why the Communiqué matters in practice
Obliged parties other than banks also operate within this kind of framework when onboarding customers remotely. The Communiqué sets out how steps such as reading the identity document, face verification and liveness checks are to be carried out.
Enhanced measures ensure that additional verification is required for high-risk customer groups. Administrative sanctions may be applied to those who do not comply with their obligations.
Technology providers should design their products according to these rules and retain records and audit trails.
