Banks allowed to open client accounts using electronic IDs

A revision to the Money Laundering Act approved by parliament on Thursday allows banks to open client accounts using their electronic IDs. Previously, clients had to visit a branch in person to sign documents. Banks will be given access to the state’s system of electronic identification, most likely from March 1. Deputy PM Peter Pellegrini (Smer) said that several tens of thousands of Slovaks have already used electronic means to open accounts with German banks.

(sme.sk)