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Afghanistan’s Identity Verification and AML Regulations: What You Need to Know

In Afghanistan, identity verification and anti-money laundering (AML) regulations are crucial for businesses operating in the country. This article outlines the key requirements for identity verification and AML compliance.

Identity Verification Documents

According to Afghan regulations, the following documents are considered proof of identity:

• Identity Card
• Driving License
• Passport

For address verification, the following documents are accepted:

• Current utility bill (gas, electricity, telephone or mobile phone)
• Bank statement issued within three months, showing the end-user’s address and name
• Document issued by a government department, showing the end-user’s address and name

Timing of Verification

Identity verification is not a one-time process. It requires multiple instances as per regulations. The application and timing of identity verification depend on the business requirements and its conveyance to Shufti Pro.

Politically Exposed Persons and Enhanced Due Diligence Measures

Afghanistan’s Enhanced Due Diligence (EDD) requirements demand that businesses determine if their customers are Politically Exposed Persons, hold public office or exhibit a higher risk profile. To fulfill these obligations, Shufti Pro provides its AML Screening service.

• The service screens an individual’s selected ID attributes of name and date of birth against watchlists of global regulatory authorities, foreign and domestic databases, compromised PEPs, and sanctioned individuals.
• The service highlights the category of the PEP based on the degree of risks they pose and also any immediate family members or close associates of the PEP.

Reliance on External Services

Afghan regulations permit businesses to seek the services of a third-party provider for due diligence measures. However, the business remains liable for maintaining all compliance and fulfilling AML and KYC obligations.

Record Retention

According to Afghanistan’s Act, businesses are required to retain data for not less than five years as part of their AML and KYC obligations. In cases where this information is processed, collected, and managed by a relevant third-party provider, the business is liable to collect all necessary information without undue delay.

Conclusion

Understanding Afghan identity verification and AML regulations is crucial for businesses operating in the country. By complying with these regulations, businesses can ensure transparency, accountability, and a reduced risk of money laundering and terrorist financing.