Financial Crime World

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Know Your Customer Rules in Comoros: Compliance Requirements for Businesses

Comoros, a small island nation off the coast of East Africa, has implemented Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to combat financial crimes. The country’s regulatory framework is aligned with international standards, making it essential for businesses operating in Comoros to comply with these regulations.

Regulatory Overview

The primary legislation governing KYC/AML in Comoros is the Money Laundering (Prohibition) Ordinance No. 3-002/PR 2003. The Banque Centrale des Comores (BCC) and the Comoros Cellule de renseignement financier (CRF) are responsible for enforcing these regulations.

Data Protection Regulations

The Commission Nationale de Protection des Données Personnelles Comores (CNPD) enforces Comoros’ data protection laws. Institutions must obtain users’ consent before processing and transferring personal data, and individuals have the right to erasure of their personal data upon request.

Accurately Authenticating and Onboarding Users in Comoros

To scale your business in Comoros with confidence, consider implementing a comprehensive compliance solution like Smile ID. Our platform enables fast-growing businesses to stay compliant, prevent fraud, and streamline user verification processes effortlessly.

Verify Comorian Users and Prevent Fraud with Confidence

Smile ID offers the following features:

  • Multi-Document Support: Verify up to 4 Comorian ID types, including National IDs, Resident IDs, Passports, Travel Documents, and more.
  • De-Biased Models: Our de-biased models ensure a 99.8% accuracy rate for all African skin tones.
  • Optimized SDKs: Utilise our image capture SDKs optimised for low bandwidth and compatible with all software versions from Android 5.0 upwards.
  • Global AML Check: Conduct a global AML check against over 1100 global sanctions, PEPs, and adverse media watchlists.

Instantly Verify Up to 4 ID Types in Comoros

Smile ID empowers businesses with the flexibility to verify user identity using any of the following ID documents:

  1. Comorian National Identity Cards
  2. Comorian Passport
  3. Comorian Resident ID
  4. Comorian Travel Documents

Accurately Verify Users in Comoros

Verifying users with ID documents and biometric face matching is one of the most reliable ways to determine a user’s true identity. 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.

Get Started with Smile ID

Ready to level up your KYC/AML compliance stack? Our team is equipped to help you understand your needs, answer questions, and set up your account. Choose the right option to verify and onboard your customers today!