Financial Crime World

Gibraltar’s Financial Sector Gets a Boost with Shufti Pro’s KYC Solution

Introduction

In an effort to strengthen its financial sector, Gibraltar has turned to Shufti Pro for its Know Your Customer (KYC) solution. This innovative service aims to provide real-time identity verification and onboarding of customers, ensuring that businesses in the territory can operate efficiently and effectively.

What is Shufti Pro’s KYC Solution?

Shufti Pro’s KYC solution is designed to streamline the customer onboarding process, reducing the time and effort required to verify identities. This is particularly important for businesses operating in Gibraltar, where financial regulations are strict and compliance is essential.

Key Features of Shufti Pro’s KYC Solution

  • Real-time identity verification
  • Onboarding of customers in seconds
  • Simple API integration with just a few lines of code
  • Verification of a range of documents, including national identity cards, passports, and driving licenses

Verifying Gibraltarian Documents with Ease

Shufti Pro’s system is capable of verifying a range of documents, including:

ID Card Verification

  • Accuracy of format
  • Detection of crumpled or folded edges
  • Verification of hologram or rainbow print

Passport Verification

  • Matching name, DOB, and expiry date with MRZ
  • Detection of fakeness through font, holograms, and accuracy of format

AML Solutions for Gibraltar’s Financial Sector

In addition to its KYC solution, Shufti Pro also offers Anti-Money Laundering (AML) services for businesses operating in Gibraltar. This includes:

Real-Time Screening Against Global Watch Lists

  • FATF
  • EU
  • OFAC
  • HMT
  • Interpol

AML Solution Features

  • Identification of high-risk clients
  • Improved client onboarding with faster PEP screening
  • Real-time sanction list monitoring

Conclusion

In conclusion, Shufti Pro’s KYC solution is a valuable asset for businesses operating in Gibraltar. Its real-time identity verification and onboarding capabilities make it easy to streamline customer acquisition, while its AML services help identify high-risk clients and ensure compliance with financial regulations. With Shufti Pro, businesses in Gibraltar can operate efficiently and effectively, while also maintaining the trust of their customers.