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ARTICLE · 19 JUNE 2023

Remote Identification Services Of Banks Become Available To Legal Entities

Guleryuz Partners
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With the Regulation Amending the Regulation on Remote Identification Methods to be Used by Banks and Establishment of the Contractual Relationship on Electronic Medium ...

TurkeyTechnology
Yasemin Keskin
Yasemin Keskin
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With the Regulation Amending the Regulation on Remote Identification Methods to be Used by Banks and Establishment of the Contractual Relationship on Electronic Medium ["Amendment"] [available only in Turkish] published by the Banking Regulation and Supervision Agency ["BRSA"] in the Official Gazette dated 25.05.2023 and numbered 32201, the scope of persons who may use remote identification services has been expanded. The Amendment has entered into force as of 1st of June 2023.

The remote identification system, which entered the Turkish legal system with the Regulation on Remote Identification Methods to be Used by Banks and Establishment of Contractual Relationship on Electronic Medium ["Regulation"] [available only in Turkish] published in the Official Gazette dated 01.04.2021 and numbered 31441, plays an important role in speeding up banking transactions and making Türkiye stand out in the service sector in the international arena. In this article, we

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