HMT publishes guidance on Using Digital Identities with the MLRs, clarifying that regulated firms can use certified digital identities on the DVS Register to meet AML customer due diligence requirements

These digital identities—covering individuals and company directors—allow firms to verify identity securely without physical documents, while still requiring firms to apply risk assessments, enhanced due diligence where needed, and maintain full compliance and record-keeping responsibilities. Essentially, certified digital identities provide legal certainty and efficiency in AML checks but do not replace the broader obligations of regulated entities…