The Qatar Central Bank issued "Electronic Know Your Customer" instructions to organize and develop the customer identification process. According to Qatar Central Bank's permanent effort to regulate and develop the financial sector in the country, this was implemented in accordance with the financial sector strategy and the financial technology (Fintech) strategy.

Qatar Central Bank affirms the importance of complying with eKYC instructions to enhance transparency and security in the financial sector and ensure compliance with instructions on combating money laundering and terrorism financing.

To enhance the safety and security of the financial sector, "Electronic Know Your Customer" instructions allow financial institutions to verify the identity of their customers remotely using modern technology.

Using these procedures, individuals can also establish their identity electronically and remotely without having to be physically present.

Qatar Central Bank is committed to providing effective and valuable initiatives that will foster a favorable environment for financial technology to flourish.