COVERAGE

Compliance Built for Greek Businesses

Designed around Greece’s AML/CFT regulations, our solutions enable businesses to manage risk, strengthen due diligence, and maintain smooth, secure operations.

BOOK 30 MIN DEMO

Trusted by 1,700+ clients globally

Item 1
Item 2
Item 3
Item 4
Item 5
Item 6
Item 6
Item 6

Who are the regulators in Greece?

Hellenic Capital Market Commission (HCMC)

The HCMC supervises securities firms, investment companies, and CASPs, enforcing identity verification, transaction monitoring, and transparency requirements to safeguard capital markets from illicit activity.

Bank of Greece (BoG)

The Bank of Greece regulates banks, credit institutions, payment providers, and e-money institutions, applying a risk-based AML approach requiring real-time monitoring and reporting of suspicious transactions.

Hellenic FIU (Authority for Anti-Money Laundering)

The Hellenic FIU is Greece’s authority for receiving, analysing, and disseminating STRs, providing intelligence to law enforcement and authorities to uncover complex financial crimes in Greece.

Ministry of Finance

The Ministry of Finance aligns Greece’s AML framework with EU directives and FATF recommendations, shaping national policy through strategic planning and regulatory updates to support economic stability.

Who is regulated in Greece?

Financial Institutions (FIs)

Who are classified as FIs?

Banks
Payment and e-Money Institutions
Investment Firms
Insurers
Crypto/Virtual Asset Service Providers (VASPs)

Designated Non-financial Businesses and Professions (DNFBPs)

Who are classified as DNFBPs?

Real Estate Agents
Dealers in Precious Metals or Precious stones.
Lawyers
Notaries
Accountants
Trust and Company Service Providers
Casinos
Dealers in any saleable item of a price equal to or greater than USD 15,000

Expectations for regulated firms

Firms must apply a risk-based approach, conduct Customer Due Diligence (CDD) and beneficial-owner checks, run ongoing transaction monitoring, and file Suspicious Transaction Reports (STRs) to the Hellenic Anti-Money Laundering Authority (FIU).

AML/KYC Checklist for Greece

  • Verify identity of natural/legal persons and confirm legal form.
  • Identify and verify beneficial owners for corporate clients.
  • Conduct risk profiling (PEPs, geography, product/channel) and apply Enhanced Due Diligence (EDD) where needed.
  • Record source of funds/source of wealth for higher-risk relationships and retain CDD evidence per statutory retention rules

Supervision & Enforcement

Bank of Greece supervises banks and credit institutions’ AML compliance; HCMC supervises capital-market firms and CASPs; sectoral public authorities and the FIU carry out STR analysis and can escalate to law enforcement. Supervisors conduct on-site/off-site checks and can impose sanctions for breaches.

Supported ID documents from Greece

National ID

Idenfo can verify the Greek National ID, issued by the Hellenic Police, ensuring accurate data matching and full compliance with Greek regulatory requirements.

Document Verification

  • Evaluates document quality by checking for glare or blur.
  • Identifies any signs of tampering or forgery within the document.
  • Confirms the authenticity of hologram prints.
  • Extracts key data using optical character recognition (OCR).

NFC Scanning

  • Reads data from the identity card's NFC chip.
  • Verifies the NFC chip data for integrity and authenticity.

Greek Passport

Idenfo verifies Greek passports issued by the Hellenic Police, confirming the holder’s name, date of birth, and contact details as part of Enhanced Due Diligence for KYC in Greece.

Document Verification

  • Evaluates document quality by detecting glare or blur.
  • Identifies potential tampering or forgery.
  • Verifies the document’s format for accuracy.
  • Cross-checks data against the MRZ code and hologram.

NFC Scanning

  • Reads data from the passport's NFC chip.
  • Verifies the NFC chip data for integrity and authenticity.

How it works

Document Capture

Scan and extract key identity details from official documents.

Liveness Check

Ensure the person is real and matches their verified ID photo.

Data Verification

Cross-check personal details against trusted government sources.

Risk Screening

Assess AML and sanctions risks before onboarding customers.

User Authentication

Simplify returning logins with secure biometric authentication.

TALK TO SALES
Sign Up