(MitID) ID paper requirement for AML

Question:

Currently some financially regulated businesses in Denmark require verifying a user’s identity document. Will MitID remove this requirement?

Answer:

We are waiting for the Financial Authorities (Finanstilsynet) to evaluate the security levels of MitID and give a statement/recommendation on if or how the AML requirements can be met using MitID. From an authority perspective MitID is placed under the Agency for Digitisation where AML is controlled by the Financial Authorities (Finanstilsynet)