Starting April 2027, Real Estate Transaction ID Verification Methods Will Change: PICKFORM Updates eKYC Function to Comply with Revised AML Law
AI Summary (NQ-processed)
PICK Co., Ltd. has announced the update of its electronic identity verification (eKYC) feature on the real estate and construction DX platform 'PICKFORM' to comply with the revised Act on Prevention of Transfer of Criminal Proceeds, effective April 2027. The updated service, available from June 1, 2026, supports IC chip-based verification for both in-person and remote transactions.
AI Analysis
Frequently Asked Questions
Q: What changes in the April 2027 AML law revision?
A: IC chip reading of identity documents becomes mandatory for both in-person and remote transactions.
Q: Does PICKFORM eKYC support both in-person and remote verification?
A: Yes, it supports both in-person and remote identity verification.
Q: When is the service available?
A: Available from June 1, 2026.
Q: Can it verify corporate representatives?
A: Yes, it supports identity verification for corporate representatives and authorized persons.
Q: Can it integrate with e-contract workflows?
A: Yes, from verification to contract signing, all within one platform.