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Financial Institution Fraud Prevention in Burundi: AML and KYC Compliance Made Easy

Burundi, a member state of the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) affiliated with the Financial Action Task Force (FATF), has implemented Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations in line with international standards.

Regulatory Overview

The Burundi Law No. 1/23 of June 23, 2014, on the prevention and suppression of money laundering and terrorist financing governs KYC/AML in the country. The Banque de la République du Burundi (BRB) and Burundi Financial Intelligence Unit (FIU) enforce these regulations.

Data Protection Regulations

While there is no specific data protection legislation adopted, institutions are required to obtain users’ consent before processing and transferring personal data. Users have the right to request the erasure of their personal data.

Instant AML and KYC Compliance Solution for Burundi

Smile ID’s identity verification solution enables businesses in Burundi to comply with AML and KYC requirements effortlessly, ensuring adherence to regulations. With instant customer identity verification and streamlined user onboarding, companies can verify up to 2 ID types, including:

  • National IDs
  • Resident IDs
  • Passports
  • Driver’s Licenses
  • More

Accurately Authenticate and Onboard Users in Burundi

Smile ID empowers fast-growing businesses to stay compliant, prevent fraud, and streamline their user verification processes effortlessly. Our solution utilizes de-biased models with a 99.8% accuracy rate for all African skin tones, optimized for low bandwidth, and compatible with software versions as old as Android 5.0.

Verify Burundian Users and Prevent Fraud with Confidence

Our solution conducts global AML checks against over 1100 global sanctions, PEPs, and adverse media watchlists, benefiting from enterprise-level security standards with:

  • ISO 27001
  • SOC 2 Type 1 & 2 certifications

Seamlessly Verify up to 2 ID Types in Burundi

Smile ID allows users to verify their identity using any of the following ID documents:

  • Burundian Passport
  • National IDs
  • Resident IDs
  • Passports
  • Driver’s Licenses
  • More

All we need is a document photo and a selfie.

Verify Users with ID Documents

Our ID document verification solution checks that an ID document is authentic, accurately transcribes the text on the document, and compares a user-submitted selfie to the document image. This includes:

  • Transcribing document text with 96% accuracy
  • Checking for accurate format
  • Identifying tampered and forged documents
  • Verifying security features

Comprehensive Identity Verification (KYC/AML) Solution in One Place

Smile ID offers a comprehensive identity verification solution, including:

  • Document verification
  • Integration options
  • More

Select the ideal option to verify and onboard your customers seamlessly.

Get Started with Smile ID

Ready to get started? Our team is equipped to help you level up your KYC/AML compliance stack. Contact us today to understand your needs, answer questions, and set up your account.