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Business platform provides KYC service: MoCIIP

26 Nov 2023 Business platform provides KYC service: MoCIIP By OUR CORRESPONDENT

Muscat – The Ministry of Commerce, Industry and Investment Promotion (MoCIIP) announced that Oman Business platform has introduced a Know Your Customer (KYC) service, enabling foreign investors to register and complete transactions independently.

In a statement issued by MoCIIP said, ‘The KYC service on the Oman Business Platform allows foreign investors to register and authenticate transactions without requiring the KI feature or a residency card.’

‘The service features include a facial recognition system. It verifies users through over 140 checkpoints using facial recognition and passport images. Plus, it utilises advanced biometrics for added security,’ it added.

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