Germany: BaFin Issues Video Identification Procedures for KYC Verification and Combating Money Laundering

On April 10, 2017, the Federal Financial Supervisory Authority (BaFin) published Circular 3/2017 (GW) on video identification procedures. This circular will enter into force on June 15, 2017 and rescind Circular 4/2016 of June 10, 2016, which had initially only been suspended.

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