Stay compliant and onboard customers faster in Madagascar
Country overview
Country overview
As a member state of the Financial Action Task Force (FATF) and the The Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) , Madagascar has implemented KYC/AML regulations in line with international standards.
Regulatory overview
Regulatory overview
KYC/AML regulations
AML/KYC regulations in Madagascar are enforced by a number of regulators including the
- Central Bank of Madagascar (CBN),
- Securities Exchange Commission (SEC),
- Cellule de Renseignement Financier de Madagascar(CRF)
The primary legislation governing KYC/AML in Madagascar is Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Law n°2018-043, 2019.
Data protection regulations
The Madagascar’s data protection regulation is enforced via Law No. 2014-038 (DP Law).
Institutions are required to obtain users’ consent before processing and transferring personal data. Users are entitled to the erasure of their personal data upon request.
Accurately verify users in Madagascar
Stay compliant, prevent fraud and streamline your user verification process for customers across Africa with Smile ID. Verify users with confidence with:
The most extensive ID coverage on the continent
99.8% recognition accuracy for faces of all skin tones
A solution that is compatible with any device
Documents we verify in Madagascar
Give users the flexibility to verify their identity using any of the following ID documents. All we need is a document photo and a selfie.
Madagascar National Identity Card
The national ID card issued by Immigration Services – Ministry of the Interior and Decentralization (MID) is the primary KYC document in Madagascar.
Madagascar Resident card
Resident cards issued by La Commission électorale nationale indépendante (CENI) are required for voting in elections and can also be used as a KYC document.
Madagascar Passport
Passports issued by Ministère des Affaires Etrangères may not be popular but are an acceptable KYC document
Madagascar Driver’s License
Drivers licenses issued by Rue Jules Ranaivo can be used to verify the holder’s identity
Verify Madagascans using ID documents
Verifying users with ID documents and biometric face matching is one of the most reliable ways to determine a user's true identity. Our ID document verification solution checks that an ID document is authentic, accurately transcribes the text on the document and compares a user-submitted selfie to the document image.
Transcribes document text with 96% accuracy
Checks for accurate format
Identifies tampered and forged documents
Verifies security features
Scan your document
Our image capture tool guides users to take clear photos even with older devices.
Smile for a selfie
We ensure a real user is behind the camera by asking them to smile to test for liveness.
Get real-time results
In a few seconds, we will confirm the document is authentic and belongs to the user.
Ready to get started?
We are equipped to help you level up your KYC/AML compliance stack. Our team is ready to understand your needs, answer questions, and set up your account.