Standards – WDIA

Rue du Pré de la Bichette 1,
Geneva, CH 1202, Switzerland
+41 225 0 87 8 87

Rue du Pré­de­ la­ Bichette 1,
Geneva, CH­1202, Switzerland
+41 225 0 87 8 87


Important standards we intend to put an emphasis on are security in storage and transmission of personal data and in all information exchange through the KYC process. Another area to address is transparency in the digital space and in interaction between the Association members and counterparties. This must include protocols to internally check comparability of data, its consistency and completeness.

We also believe it is important to establish and maintain a list of trusted parties within the Association and in the KYC/AML industry globally. Same goes for bad actors that need to be detected and blacklisted to avoid risks and negative effects for both the Association and its members, and for the sector as a whole.

The WDIA will be actively involved in developing legislation proposals on all key markets and in all key regions to support the establishment of proper and unified approaches in laws and regulations. Finally, a detailed research on existing and new technologies will be conducted on an ongoing basis to indicate, pick and support the best and the most promising advanced developments.