The Central Bank has invited parties to send in proposals for the exposure draft on e-KYC which sets out the proposed enhanced requirements and guidance in implementing the solutions for the on-boarding of individuals and legal persons to the financial sector.
In a statement released, BNM said the proposals in this exposure draft seek to accommodate advancements in technology to facilitate secure and safe adoption of e-KYC solutions for both individuals and legal persons, while preserving the integrity of the financial system.
Parties are invited to submit written feedback on the proposals in this exposure draft, including suggestions on areas to be clarified and alternative proposals that the Bank should consider. The written feedback should be supported with clear rationale, accompanying evidence or appropriate illustrations to facilitate an effective review of this exposure draft.
Feedback must be submitted by 2 May 2023
