Tajikistan enables remote identification for e-wallets

Financial Monitoring Department under the National Bank of Tajikistan, with support from the International Finance Corporation (IFC)'s Electronic and Digital Financial Services Project, has developed remote identification procedures for low-risk products, in particular for electronic money transfers.

In addition to contributing to the development of financial technologies, the new procedures help combat the COVID-19 pandemic by obviating the need for customers to be physically present when performing low-risk transactions, thereby enabling them to comply with social distancing requirements.

The EAG Secretariat took part in the review of these procedures for compliance with the FATF standards.

The EAG Secretariat will continue to provide EAG countries with the necessary guidance and assistance in combating the ML/TF threats stemming from the COVID-19 pandemic (including with regard to remote customer due diligence procedures), taking into account the specifics of their domestic legislation.

National Bank of Tajikistan