Financial Crime World

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Algeria Gets a Boost in Blockchain Anti-Money Laundering Solutions

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In a significant development, Shufti Pro, a leading online identity verification service, has launched real-time Know Your Customer (KYC) and Anti-Money Laundering (AML) solutions for Algeria.

Compliance with Global Standards

As per the guidelines of FATF, MENAFATF, and OFAC, Shufti Pro’s KYC services are designed to help businesses in Algeria verify identities and onboard customers faster. The service is available through a simple API integration, making it easy for businesses to adopt.

Document Verification

Shufti Pro offers verification of several documents, including:

  • National Identity Card
  • Passport
  • Driving License
  • Credit/Debit Card

The service checks for accuracy of format, detects crumpled or folded edges, verifies holograms or rainbow prints, and identifies photoshopped or tampered images.

Facial Verification

Shufti Pro’s facial verification service uses next-generation technology to authenticate customers remotely. This feature is especially useful for businesses that require remote authentication, such as online payment platforms and e-commerce websites.

Address Verification

The address verification service helps prevent false deliveries and invalid customer locations. Shufti Pro identifies accurate addresses through a comprehensive database of Algerian provinces.

2FA Authentication

Shufti Pro’s 2-factor authentication service enables businesses to verify customers accurately through their mobile phones. This feature adds an extra layer of security to the onboarding process, reducing the risk of identity theft and fraud.

AML Screening

The AML screening service helps identify high-risk clients by analyzing global watch lists. Shufti Pro’s AML source data is updated every 15 minutes, ensuring that businesses stay up-to-date with the latest threats.

Shufti Pro Expands to Algeria

Shufti Pro has expanded its operations to Algeria to strengthen trustful business relationships in the region. The company’s KYC and AML solutions are designed to help businesses comply with global standards, ensuring a risk-free digitization process.

Start Your 7-Days Free Trial Now!

Shufti Pro invites businesses in Algeria to start their 7-days free trial now and experience the benefits of real-time KYC and AML solutions. With Shufti Pro, businesses can reduce manual labor, prevent fraud, and increase conversions while ensuring a secure onboarding process.

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