Financial Crime World

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Botswana Businesses Embracing Know Your Customer Rules with Smile ID

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In a move to ensure seamless Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance, businesses in Botswana are turning to Smile Identity’s instant AML and KYC compliance solution. This cutting-edge technology empowers companies to verify customer identities quickly and efficiently, staying ahead of regulatory requirements.

Country Overview

Botswana has a robust regulatory framework in place to combat money laundering and terrorism financing. The primary KYC/AML regulation is the Anti-Money Laundering Act, enacted in 2019, which is enforced by key regulators including the Bank of Botswana, Comissão de Mercado de Capitais (CMC), and Instituto de Supervisão de Seguros (ISS).

Data Protection Regulations

To safeguard personal data, Botswana has implemented the Data Protection Act, enacted in 2018. The Data Protection Authority (DPA) is responsible for enforcing these laws, ensuring that data controllers and processors obtain customers’ consent before processing and transferring personal data.

Smile ID: Your Compliance Partner

To scale your business in Botswana while maintaining AML/KYC compliance, choose Smile ID as your trusted partner. Our comprehensive identity verification solution offers:

  • Accurate Authentication: Verify up to 5 ID types, including National IDs, Resident permits, Passports, and more.
  • De-biased Models: Enjoy a 99.8% accuracy rate for all African skin tones.
  • Global AML Check: Screen against over 1100 global sanctions, PEPs, and adverse media watchlists.
  • Enterprise-Level Security: Benefit from ISO 27001, SOC 2 Type 1 & 2 certifications.

Verify Users in Botswana with Confidence

Our image capture SDKs are optimized for low bandwidth and all software versions as low as Android 5.0. With Smile ID, you can:

  • Verify users using any of the following ID documents: National IDs, Drivers Licenses, Passports, Resident IDs, and more.
  • De-biased models with a 99.8% accuracy rate for all African skin tones.
  • Enterpise-level security standard with ISO 27001, SOC 2 Type 1 & 2 certifications.

Get Started Today

Ready to level up your KYC/AML compliance stack? Our team is equipped to help you understand your needs, answer questions, and set up your account. Choose Smile ID as your trusted partner for seamless AML/KYC compliance in Botswana.