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Exposure Draft on Electronic Know-Your-Customer (e-KYC)

Release Date: 16 Dec 2019

Issuance Date
16 December 2019

Effective Date


This exposure draft sets out the proposed requirements and guidance in implementing e-KYC for the on-boarding of individuals to the financial sector. The requirements outlined in this proposal are aimed at -

  • Enabling safe and secure application of e-KYC technology in the financial sector;
  • Facilitating the Bank’s continued ability to carry out effective supervisory oversight over financial institutions; and
  • Ensuring effective Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) control measures.


  1. Licensed banks
  2. Licensed investment banks
  3. Licensed Islamic banks
  4. Licensed life insurers
  5. Licensed family takaful operators
  6. Prescribed development financial institutions
  7. Licensed money-changing operators
  8. Licensed remittance service providers
  9. Approved non-bank issuers of designated payment instruments and designated Islamic payment instruments.

Section in Charge
Digital Finance Unit

Issuing Department
Financial Development and Innovation Department

See also: Electronic Know-Your-Customer (e-KYC) Exposure Draft

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