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Eritrea’s Digital KYC Process: Complying with International Regulations and Protecting Data with Smile ID

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In Eritrea, where the Financial Action Task Force (FATF) and the Eastern and Southern Africa Anti Money Laundering Group (ESAAMLG) set the regulatory standards, Smile ID helps businesses stay compliant and onboard customers faster.

Country Overview

Eritrea, a FATF and ESAAMLG member state, has implemented Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations in accordance with international norms.

Regulatory Overview

Eritrea’s KYC/AML regulations are enforced by various regulatory bodies, including the Bank of Eritrea (BOE) and the Eritrea Financial Intelligence Unit (EFIU). The cornerstone legislation for KYC/AML is The Anti-Money Laundering and Combating Financing of Terrorism Proclamation No. 175/2014.

Data Protection Regulations

Eritrea’s constitution, Article 18, enforces its data protection laws. Institutions must acquire explicit users’ consent before processing and transferring personal data. Users have the right to request the deletion of their personal data.

Verify Users in Eritrea, Confidently

Smile ID is an essential solution for African businesses aiming to stay compliant, prevent fraud, and streamline user verification processes. Its features include:

  • Extensive ID Coverage: The most comprehensive ID coverage on the continent.
  • High Recognition Accuracy: 99.8% recognition accuracy for faces of all skin tones.
  • Compatible with Any Device: A versatile solution that works on any device.

Accepted ID Documents

Accepted identification documents for KYC verification in Eritrea include:

  • Eritrean Passport: Although less common, documents issued by the Ministry of Foreign Affairs are acceptable.

Secure and Reliable Verification

With Smile ID, institutions can verify users using ID documents and biometric face matching—a dependable method to authenticate a user’s true identity. The ID document verification solution verifies the document’s authenticity, accurately transcribes text, checks format, identifies tampered or forged documents, and compares selfies with document images.

Streamlined Document Verification

The scanning process is straightforward:

  • Image Capture: Users are guided to take clear photos using our image capture tool, even with older devices.
  • Selfie Verification: Users ensure they are the real user behind the camera by smiling for a selfie.

Prompt Results

Real-time results confirm the document’s authenticity and ownership in just a few seconds.

Ready to Begin

Our team at Smile ID is eager to help you optimize your KYC/AML compliance stack while answering any questions and assisting with setup. Get started today!