FMA allows purely biometric methods for customer identification under money laundering law

By amending the Online Identification Ordinance, the Austrian Financial Market Authority (FMA) will in future make it possible to use purely biometric procedures for the remote identification of new customers of financial service providers in accordance with money laundering legislation. The prerequisite is that the customer agrees to the biometric identification, the procedure corresponds to the current state of the art and guarantees equivalent security to identification by employees, as well as that it is verified by means of video that the person actually physically participates in the identification at the terminal device.

Further information can be found here.