BankID is an easy and practical way to identify your customer, and get good data material for conducting a risk based due diligence in connection with a for example a KYC process. BankID AML will help you with the following:
- Identifying your customer
- Supplying the following data about your customer in a machine readable format, to be included in your own business processes:
- National Identity Number
- Name
- Search results to assess whether your customer is a PEP (Politically Exposed Person) og RCA (Relative or Close Associate)
- Search results to asses whether your customer is on any sanction lists (EU og UN lists)
- Address from the national registry
Please note that although BankID supports the authentication of the end-user, and supplies data for the due diligence process, the responsibility for making the risk based decision to accept a customer or not lies with the Merchant. The Merchant has to interpret the data that BankID AML provides, in addition to other necessary information and make the decision.
Two different variants of the BankID AML service are supported. See the technical documentation for further details on these variants and how to integrate with the AML Service for each variant.
See the following sections for further product-level details, including info on each of the said variants of the AML service.