Evrotrust eID solution was recognized in an official report of the European Commission as one of the 7 possible methods for remote on-boarding in the financial sector, who meet the requirements of AML/KYC.
The Commission finds on page 76/77 that the Evrotrust method is:
- Unique and only in Europe;
- Rests on eIDAS trust service;
- It is legal and compliant with AML requirements (5th AMLD);
- The method is equally legal in all EU member states;
- More favorable to banks, than using video-identification or other technologies;
- Advantageous, since liability does not rest with the banks.
The EC Report states the following for our solution on page 76:
“The considered method for identification is completely new, and from a legal point of view it does not rely on the technologies used (video identification, 3D liveness, etc.), but on an eIDAS trust service provided by a qualified trust service provider through the issuing of a qualified certificate, relying on the consultation of national registers, and a remote biometric identification. The certificate bears more identification attributes as normal certificates. This method for e-identification is explicitly regulated as meeting the AML requirements under Art. 13 (1) of the 5th AMLD. It seems that no other such solution is provided in Europe.
As an advantage, eIDAS rules regarding responsibilities and mutual recognition apply to such an identification through a qualified certificate.
This method is more favorable to banks, than direct use of video identification apart from a trust service. If a bank only uses video identification (with 3D liveness, etc.), it relies on the technology, and the risk of wrong identification remains on the bank. If the bank identifies the client through a trust service (qualified certificates with more attributes), the bank relies on a regulated trust service, ruled by eIDAS. The risk of wrong identification rests with the trust service provider by law. The method explained is thus equally legal in all EU member states.”