Equatorial Guinea’s Financial Sector Adopts Real-Time KYC and AML Solutions with Shufti Pro
Shufti Pro, a leading identity verification and Know Your Customer (KYC) solution provider, has announced the availability of real-time KYC and Anti-Money Laundering (AML) services for businesses in Equatorial Guinea. This development comes in response to the country’s financial and non-financial industries preparing to implement stricter KYC regulations to meet international financial standards.
Partnership with Equatorial Guinea’s Authorities
Shufti Pro, in collaboration with Equatorial Guinea’s key authorities such as the Financial Action Task Force (FATF), GABAC, and OFAC, offers advanced tools for effortless customer onboarding while ensuring compliance with local and global regulations.
Advanced KYC & AML Verification Capabilities
Shufti Pro’s extensive ID verification suite includes:
- Identity Card Verification: checks document validity by examining format accuracy, holograms, rainbow prints, and preventing photoshopped or forged cards.
- Passport Verification: checks the name, date of birth, and expiry date against machine readable zones (MRZ), and detects tampered and forged documents.
- Driving License Verification: guarantees authenticity, checks for photoshopped or forged cards, and authenticates holograms and rainbow prints issued by the Land Transport Authority.
- Credit/Debit Card Verification: validates cardholder’s name, expiration date, and identifies photoshopped, tampered, or forged cards using advanced algorithms and hologram print recognition technology.
Additionally, Shufti Pro’s AML screening services help Equatorial Guinea’s banks and businesses identify high-risk clients while adhering to international watchlists, such as FATF, EU, OFAC, HMT, and Interpol.
Benefits for Equatorial Guinea Businesses
Equatorial Guinea’s businesses can now benefit from seamless KYC and AML processes by integrating Shufti Pro’s solutions into their digital platforms. Some of the key advantages include:
- Streamlined operations: digitize customer onboarding and reduce manual labor.
- Risk mitigation: prevent fraud and maintain a robust customer onboarding process.
- Increased conversions: swift verification leads to better user experience.
“We’re excited to extend our services to Equatorial Guinea and empower businesses across industries with robust identity verification solutions that ensure a secure and compliant business environment,” said Shahid Hanif, Co-founder of Shufti Pro.
Free Trial and More Information
Equatorial Guinea’s financial and non-financial businesses can start optimizing their digital customer onboarding and KYC procedures with a free 7-day trial of Shufti Pro’s advanced services. To learn more or to begin your free trial, visit Shufti Pro’s website.