Taiwan’s Financial Sector Boosts KYC Customer Due Diligence with Shufti Pro

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Enhancing Financial Transparency and Combating Money Laundering

TAIPEI, TAIWAN - In a move to enhance financial transparency and combat money laundering, Taiwan’s financial sector has partnered with global identity verification solutions provider, Shufti Pro. The innovative solution offers real-time Know Your Customer (KYC) services, streamlining customer onboarding processes for businesses operating in the country.

A Comprehensive KYC Solution

Shufti Pro’s cutting-edge technology verifies identities using a range of documentation, including:

Taiwan-issued ID cards
Passports
Driving licenses
Credit/debit cards

The solution checks for accuracy of format, detects tampered or forged documents, and verifies holograms and rainbow prints to ensure authenticity.

AML Screening

Shufti Pro’s Anti-Money Laundering (AML) services are endorsed by:

Financial Action Task Force (FATF)
Anti-Money Laundering Division (AMLD)
Central Bank of the Republic of China (CBC)

The solution uses global watchlists, including:

FATF
EU
OFAC
HMT
Interpol

to identify high-risk clients and improve client onboarding.

Benefits for Taiwanese Businesses

Shufti Pro’s KYC and AML solutions offer several benefits for Taiwanese businesses, including:

Reduced manual labor
Increased conversions
Improved customer trust
Prevention of fraud, chargebacks, and identity theft online

Real-time Verification

Shufti Pro’s document verification system extracts data from documents in real-time, providing instant verification results. Facial recognition technology is also integrated to ensure accurate identification of customers.

Global Partnership

Shufti Pro has established partnerships with major industries worldwide, including:

Banks
E-commerce platforms
Ride-sharing services

The company’s AML solution is designed to cater to the unique requirements of Taiwanese businesses, ensuring compliance with local regulations.

Start Your 7-Day Free Trial Today!

Taiwanese businesses interested in implementing Shufti Pro’s KYC customer due diligence solution can start their 7-day free trial now. With its advanced technology and global expertise, Shufti Pro is poised to revolutionize the financial sector in Taiwan, promoting a safer and more transparent environment for all stakeholders.

Learn how Shufti Pro’s identity verification system works
Discover how Shufti Pro verifies Chinese documents in real-time
Explore the benefits of automated AML screening for Taiwanese businesses