The latest edition of Oaklen's Sector Watch highlights the launch of France's first digital identity service and recommendations for its use in the fight against money laundering.
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The latest edition of Oaklen's Sector Watch highlights the launch of France's first digital identity service and recommendations for its use in the fight against money laundering.
In France, La Poste is launching the first French electronic identity recognised by the ANSSI as having a substantial level of security. The key issue is the "mass" adoption of a service that requires physically meeting a postal worker.
Wipro explains in a white paper why financial institutions are naturally legitimate in the field of digital identity and describes the different positions that a bank can adopt to offer "transparent digital identity" services to federate in a meta-system several sources of identity.
In the transposition of the 5th AML/CFT Directive, Article R-561-5-2 of the Monetary and Financial Code recognises that a transaction based on a certified or presumed reliable electronic means of identification is as "effective" as a transaction in the physical presence of the customer.
As such, the CMF no longer requires the application of additional vigilance measures in this case.
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