Financial Crime World

Title: Smile ID - Your Compliant Solution for KYC Regulations in Equatorial Guinea

Country Overview

Equatorial Guinea, a member of the Financial Action Task Force (FATF) and Groupe d’Action contre le Blanchiment d’Argent en Afrique Centrale (GABAC), is a country of approximately 1.4 million residents, with official languages of Spanish, French, and Portuguese. The regulatory bodies in Equatorial Guinea enforce its KYC and Anti-Money Laundering (AML) framework.

Regulatory Overview

KYC/AML Regulations

Equatorial Guinea’s KYC and AML regulations are enforced by the following bodies:

  • National Bank of Equatorial Guinea (BANGE)
  • Bank of Central African States

The primary KYC regulation in Equatorial Guinea is the Law Against Money Laundering and Terrorism Financing, enacted in 2017.

Data protection Regulations

While Equatorial Guinea does not yet have an operational data protection agency, the Protection of Personal Data law was established in 2016. Any business handling customer data must obtain consent to process it beforehand. Customers also have the right to request the deletion of their data at any time.

Streamline Your User Verification Process with Smile ID

For reliable and efficient user verification in Equatorial Guinea, consider using Smile ID. Verify users with the following features:

  • Comprehensive ID coverage across Africa
  • 99.8% recognition accuracy for all skin tones
  • A device-agnostic solution

Smile ID’s Advanced Features

Verify ID Documents

Smile ID allows you to check and validate the authenticity, format, and security features of the following Equatorial Guinean identity documents:

  • Equatorial Guinea National Identity Card
  • Equatorial Guinea Passport
  • Equatorial Guinea Driver’s License
  • Equatorial Guinea Resident Card

Secure and Compliant Onboarding

Smile ID caters to various industries, ensuring secure and compliant onboarding processes. Our ID verification solutions include:

  • Document Verification
  • AML Check
  • Business Verification
  • Fraud Prevention

Get Started with Smile ID and Strengthen Your KYC/AML Compliance Today

Our team is ready to tailor our services to suit your business’s unique needs. Let’s work together to ensure you’re compliant with Equatorial Guinea’s KYC and AML regulations.