10.5.1. Electronic verification of identification documentation

An Authorised Firm may rely on electronic verification of identification documentation if it complies with the RBA and other requirements of these Rules.

An Authorised Firm must make and keep a record that clearly demonstrates the basis on which it relies on the electronic verification of identification documentation. An Authorised Firm may permit payment processing to take place using on-line services if it ensures that the processing is subject to:

1. (a) the same monitoring as its other services; and
2. (b) the same risk-based methodology.