This Decree by Law aims to: 1. Develop the financial infrastructure and enhance digital transformation within the state; 2. Verify the client identity and assess their compliance with the financial and other applicable regulations and legislation in force within the state; 3. Provide the necessary data and information to the user to enhance transparency in financial transactions; 4. Regulate the collection, analysis, classification, and use of KYC data within the state; and 5. Facilitate the exchange of information and cooperation in combating financial crimes.
Interpretation and application must be checked against the official text and current version.