Regulation Amending the Regulation on Remote Identification Methods to be Used by Banks and Establishment of Contractual Relationships in Electronic Environment

The "Regulation Amending the Regulation on Remote Identification Methods to be Used by Banks and the Establishment of Contractual Relationship in Electronic Environment" was published in the Official Gazette numbered 32201 on 25 May 2023.

According to this Regulation:

• The remote identification process will be designed in compliance with Article 4 of the Regulation on Accessibility of Banking Services, which was published in the Official Gazette numbered 29746 on 18 June 2016.
• If individuals with disabilities require assistance during the video call phase of remote identification, a customer representative will capture photos or screenshots of the front and back of the assisting third party's identification document.
• Before commencing the video call phase of the remote identification process, an electronic application form will be completed through the banking application used for remote identification. The collected data will be used to conduct a risk assessment for individuals or legal entities establishing an ongoing business relationship.
• To establish the identity of a legal entity, its identity will be verified, and it will be ensured that the person representing the legal entity is authorized according to the Regulation.
• The individual's authorization will be verified by cross-referencing the information provided by the individual with up-to-date data obtained from MERSIS and/or the Trade Registry Gazette. If the bank deems it necessary, the customer representative will obtain a copy of the authorization circular, which proves the person's authority to represent the legal entity.
• To verify the identity of a legal entity, the information provided by the individual regarding the legal entity will be matched with current data obtained from inquiries made in MERSIS, the Trade Registry Gazette, and the Revenue Administration database.
• During the identification process of a legal entity, appropriate measures will be taken to identify the ultimate beneficial owner.
• At the end of the video call phase of remote identification, the individual will be informed about the banking services to be provided. Oral confirmation will be obtained from the person, acknowledging their acceptance to become a customer as a natural person, sole proprietor, or legal entity.

The Regulation will be effective as of 1 June 2023.

You can access the full text of the Regulation here.

Kind regards,

Zumbul Attorneys-at-Law

info@zumbul.av.tr