OneID Digital Identity Verification for KYC Compliance

This document is a technical report that outlines the capabilities of OneID® as a certified digital identity provider specializing in Know Your Customer (KYC) and Customer Due Diligence (CDD) processes. It details how OneID® ensures compliance with regulations through robust identity verification methods, including electronic ID checks that align with the Money Laundering Regulations (MLRs). The report emphasizes the importance of maintaining an auditable proof file for Anti-Money Laundering (AML) requirements, providing businesses with necessary evidence data. OneID® is designed to enhance the onboarding process by reducing verification time and improving conversion rates, while also being inclusive for individuals lacking traditional identification documents. The service is certified against the UK’s Digital Identity and Attributes Trust Framework (DIATF) and Good Practice Guidance 45 (GPG45), ensuring high levels of confidence in identity verification. Additionally, the report highlights the security measures in place, such as bank-based security and biometric authentication, to mitigate risks associated with identity fraud.