Economy
Document Verification Tightens for Banking and Import Trade
BirrMetrics · 4 hours ago · Read the Full Story on BirrMetrics
AI SUMMARY
Ethiopia is expanding mandatory document verification through the Documents Authentication and Registration Service to strengthen integrity in banking and import transactions.
- Ethiopia is expanding document verification requirements for banking and import transactions using the Documents Authentication and Registration Service (DARS).
- A February customs circular requires powers of attorney between importers and clearing agents to be authenticated and registered through DARS.
- CBE Capital signed an agreement with DARS in December 2025 for online verification of powers of attorney and corporate meeting minutes.
- Siket Bank announced a partnership with DARS in May 2025, building on earlier data integration efforts by the Commercial Bank of Ethiopia.
- Financial institutions use access to DARS records to check the authenticity of instruments, though it does not replace their assessment of underlying transactions.
- During the first quarter, DARS processed 264,267 cases, served 485,209 clients, and collected 1.454 billion birr in fees and stamp duty.
- About 84 percent of DARS cases during the quarter were handled through its online system.
- TeleSign launched on March 31, 2026, to support remote document authentication using digital signatures, video identity verification, online payments, and Fayda digital IDs.
- DARS is working with regional justice bureaus via its DARIS system, with eight regions currently authenticating documents through the platform.
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