Identification and verification of remote client identification in terms of money laundering and terrorist financing

Abstract

The paper focuses on the analysis of the method of identification and
verification of client identification using technological means when
performing client identification remotely. We also further elaborate
on the application of individual requirements regulated in the
recommendations of the FATF and the V. AML Directive, with emphasis
on the application of the RBA approach and the institute of third-party
reliance requirements. In particular, we analyze the performance of
identification and verification of client identification contained in the
legislation of the Slovak Republic.