FATF Working on Globally Implementing Digital ID Verification

The global Financial Action Task Force (FATF) have released new guidance in a printed draft steerage regarding digital biometric identification systems will be used for risk-based client due-diligence. 

It's seeking opinions from leading banks, virtual-asset service suppliers and different regulated entities, similarly as public authorities, in preparation for a revision of the steerage at its Feb 2020 conferences. Consultation closes at the end of this month on the 29th of November 2019.