guidance

Guidance on Digital Identification for Customer Due Diligence

Issuing bodyCBUAE
CountryUAE
RegionFederal
Digital IdentificationCustomer Due DiligenceAML/CFTRisk Management

This CBUAE guidance assists licensed financial institutions (LFIs) in understanding and performing their obligations related to Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) when using digital identification for Customer Due Diligence (CDD). It outlines the use of digital ID systems for CDD, associated risks, and how to assess the reliability of these systems.

Key requirements
  • Understand and effectively perform statutory obligations under the legal and regulatory framework related to AML/CFT.
  • Assess the reliability and independence of Digital ID Systems for CDD.
  • Understand the system’s assurance levels.
  • Determine appropriate usage of Digital ID systems in the context of risk.
Applies to: Licensed Financial Institutions (LFIs) of the United Arab Emirates Central Bank (CBUAE)
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AI-generated summaries only. Arabic originals are legally binding. This is not legal advice. · ← All documents