Financial Crime World

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Banks in St. Lucia Uncover Hidden Frauds with Shufti Pro’s Advanced KYC Solution

The financial landscape in St. Lucia has taken a significant turn with the introduction of Shufti Pro’s real-time Know Your Customer (KYC) and Anti-Money Laundering (AML) solution. The innovative platform has been designed to help banks and businesses in the island nation detect fraudsters and maintain transparency.

A Comprehensive Approach

Shufti Pro’s KYC solution is built on the guidelines set by the Financial Action Task Force (FATF), Office of Foreign Assets Control (OFAC), and Caribbean Financial Action Task Force (CFATF). The platform verifies a range of documents, including:

  • National identity cards
  • Passports
  • Driving licenses
  • Credit/debit cards

Document Verification

The solution’s advanced document verification capabilities can detect even the slightest anomalies, such as:

  • Crumpled or folded edges
  • Photoshopped images
  • Tampered holograms

Shufti Pro also verifies the accuracy of format, checks for blurriness and exposure, and detects forged documents.

Real-time Identity Verification

Shufti Pro’s system works by extracting data from the uploaded documents, verifying facial recognition, and authenticating addresses and identities in real-time. The platform also offers:

  • 2FA authentication
  • Consent verification
  • AML screening

to ensure a robust risk management framework.

AML Screening for High-Risk Clients

The solution’s AML screening feature helps identify high-risk clients by screening against global watchlists updated every 15 minutes. This ensures that businesses in St. Lucia can onboard customers with confidence, knowing that they are meeting the highest standards of compliance.

A True Game-Changer for St. Lucia’s Banking Sector

Shufti Pro’s KYC and AML solution is a game-changer for banks and financial institutions in St. Lucia. By implementing this cutting-edge technology, businesses can:

  • Reduce the risk of fraud
  • Improve customer onboarding
  • Increase conversions while maintaining transparency

Start Your 7-Day Free Trial Now!

To learn more about Shufti Pro’s KYC solution for St. Lucia, please visit our website or contact us today to start your 7-day free trial.