DR Congo Takes Steps to Combat Money Laundering with Stricter Regulations
The Democratic Republic of Congo has strengthened its stance against money laundering by joining the Financial Action Task Force (FATF) and East and Southern African Anti-Money Laundering Group (ESAAMLG). As a result, the country’s Know Your Customer (KYC)/Anti-Money Laundering (AML) regulations have been brought to international standards.
Key Regulators Enforcing KYC/AML Laws
The primary regulator enforcing AML/KYC laws in DR Congo is the Banque Centrale du Congo (BCC), with support from the Cellule de Renseignement Financier (CRF). Law No. 04/016 of 19 July 2004 is the cornerstone of AML regulation, focusing on combating money laundering and terrorist financing.
Data Protection Regulation
In 2021, DR Congo introduced a data protection law as part of its telecommunications, information, and communication technology act (N° 20/017 of 25 November 2020). Although details are still unclear, businesses must adhere to global standards by obtaining customers’ consent before processing or transferring personal data.
Accurate Identity Verification in DR Congo
Smile ID’s document verification solution accurately verifies identities in DR Congo, helping businesses stay compliant with local KYC regulations. Our features include:
- Most comprehensive ID coverage on the continent
- 99.8% accuracy in recognizing African faces of all skin tones
- Compatibility with any device and low-bandwidth environments
Documents We Verify
Our solution allows users to verify their identity using various documents, including:
- DR Congo Voters ID
- DRC Passport
- DRC Driver’s License
Verifying Users in Seconds
By combining ID document verification with biometric face matching, our solution provides a reliable way to determine a user’s true identity. We transcribe text from ID document photos with 96% accuracy, check for format accuracy, verify security features, and identify photo-shopped or tampered documents.
Get Started Today
Our team is ready to help you level up your KYC/AML compliance stack. Contact us to understand your needs, answer questions, and set up your account.