The Necessity of Recognizing Electronic Signatures in the Capital Market

Dr. Ruhollah Najafi, professor of university and researcher and researcher at the Anti -Money Laundering. Former Secretary of the Anti -Money Laundering Committee

According to the recent announcement of the stock exchange, removing the image of identity documents from the KYC identification process (KYC) and the emphasis on the use of formal systems to inquire and match identity information, it is now time to take the next step in the path of intelligence and immunization of the capital market.

In many cases, customers' requirements for manual signature not only slow and costly provide services, but also cause numerous violations such as signature counterfeiting, comparative disputes, and even money laundering platforms. On the contrary, the electronic signature on the context of national authentication systems is both legal and superior to security.
Our suggestion to the financial institutions of the capital market is to pave the way for electronic signature in customer contracts by utilizing existing legal capacities and relying on systems such as "Sajam" and "Ida". This transformation not only enforces the laws of anti -money laundering, but also facilitates and accelerate service provision processes.
Now, more than ever, it is imperative that the capital market in the direction of digital transformation replace the electronic signature as a formal, legal and secure tool.