Financial Crime World

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Bhutan Takes a Step Towards Transparency: Shufti Pro Offers Real-Time KYC and AML Solutions

In a major development for Bhutan’s financial landscape, Shufti Pro has announced its entry into the kingdom with real-time Know Your Customer (KYC) and Anti-Money Laundering (AML) solutions. The move aims to strengthen trustful business relationships by providing advanced identity verification services for local banks, financial institutions, and non-financial businesses.

Compliance Made Easy

Shufti Pro’s KYC solution is designed to verify identities in seconds, making it an ideal choice for businesses looking to onboard new customers quickly while maintaining regulatory compliance. The company’s API integration allows for seamless incorporation into existing systems, ensuring a hassle-free experience for users.

ID Verification Services

Shufti Pro offers six distinct ID verification services in Bhutan:

  • National identity card
  • Passport
  • Driving license
  • Credit/debit card
  • Facial verification
  • Document verification

Each service is designed to detect fraud and tampering, providing businesses with an additional layer of security against identity theft and financial crimes.

AML Solutions

The company’s AML solution uses FATF, EU, OFAC, HMT, Interpol, and other relevant watch lists to identify high-risk clients and improve client onboarding. With real-time sanction list monitoring and faster PEP screening, Shufti Pro’s AML services ensure that businesses operating in Bhutan are compliant with international regulations.

Customer Due Diligence

Bhutan is a member of the Asia-Pacific Group (APG) and has committed to implementing the Financial Action Task Force (FATF) standards. Shufti Pro’s entry into the market comes as a response to this commitment, providing local businesses with a trusted partner for KYC and AML compliance.

Start Your Journey Today

Shufti Pro is now offering a 7-day free trial for businesses looking to integrate its KYC and AML solutions into their operations. With its advanced identity verification services and AML solutions, Shufti Pro is poised to revolutionize the financial landscape in Bhutan.