Financial Crime World

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Gabon Know Your Customer (KYC) Requirements: Stay Compliant with Smile ID

In a bid to combat money laundering and terrorism financing, Gabon has implemented Know Your Customer (KYC) regulations in line with international standards. As a member state of the Financial Action Task Force (FATF) and The Action Group against Money Laundering in Central Africa (GABAC), Gabon’s financial institutions are required to comply with these regulations.

Primary Legislation

The primary legislation governing KYC/AML in Gabon is Regulation No. 01/03-CEMAC-UMAC, which relates to the Prevention and Suppression of Money Laundering and Financing of Terrorism in Central Africa. Additionally, the Gabon data protection authority, known as CNPDCP, enforces Gabon’s data protection laws via the Gabon Law No. 001/2011 on the Protection of Personal Data.

Compliance Requirements

To ensure compliance with these regulations, financial institutions in Gabon must:

  • Obtain users’ consent before processing and transferring personal data
  • Allow users to request the erasure of their personal data

Smile ID Solution

Smile ID offers a solution for accurately verifying users in Gabon, allowing you to stay compliant while preventing fraud and streamlining your user verification process. Our technology is compatible with any device and verifies users with 99.8% recognition accuracy for faces of all skin tones.

We support the following ID documents in Gabon:

  • Gabon National Identity Card
  • Gabon Health Insurance ID
  • Gabon Passport
  • Gabon Resident Card License

Our ID document verification solution checks that an ID document is authentic, accurately transcribes the text on the document, and compares a user-submitted selfie to the document image. We also ensure a real user is behind the camera by asking them to smile to test for liveness.

Benefits of Smile ID

With Smile ID, you can quickly verify identities and stay compliant with digital KYC and data regulations in Gabon. Our solution helps you:

  • Prevent fraud
  • Streamline your user verification process
  • Stay compliant with regulatory requirements

Get Started Today

Contact us today to learn more about how our solution can help you level up your KYC/AML compliance stack. Our team is ready to understand your needs, answer questions, and set up your account.