Financial Crime World

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Compliance for Fintech Companies in São Tomé and Principe: A Real-Time KYC & AML Solution

São Tomé and Principe, a small island nation off the coast of West Africa, has become an attractive hub for fintech companies. However, with the increasing demand for online financial services, compliance with anti-money laundering (AML) and know your customer (KYC) regulations is becoming more crucial than ever.

Shufti Pro: A Leading Provider of KYC & AML Solutions

Shufti Pro, a cutting-edge identity verification platform, has expanded its operations to São Tomé and Principe, offering real-time KYC and AML solutions for fintech companies operating in the country. With a team of experts familiar with local regulations, Shufti Pro ensures that businesses can comply with guidelines set by the Financial Action Task Force (FATF), ESAAMLG, and OFAC.

Real-Time Identity Verification

Shufti Pro’s advanced technology allows for real-time verification of Santomean documents, including:

  • Passports
  • Driving licenses
  • Credit/debit cards

The platform uses a combination of machine learning algorithms and human expertise to detect forgery, tampering, and other forms of identity fraud.

AML Screening and Customer Due Diligence

Shufti Pro’s AML services for Santomean businesses help:

  • Identify high-risk clients
  • Improve client onboarding with faster PEP screening
  • Monitor real-time sanction lists

The platform uses FATF, EU, OFAC, HMT, Interpol, and other relevant watch lists to ensure compliance with global standards.

Benefits of Shufti Pro’s KYC & AML Solutions

By partnering with Shufti Pro, fintech companies in São Tomé and Principe can:

  • Verify customer identities in real-time, reducing manual labor and increasing conversions
  • Comply with local regulations, minimizing the risk of fines and reputational damage
  • Protect against identity theft and fraud, ensuring a secure online environment for customers
  • Improve client onboarding with faster PEP screening and real-time sanction list monitoring

Try Shufti Pro’s KYC & AML Solutions Today

Start your 7-day free trial today and experience the benefits of Shufti Pro’s advanced KYC and AML solutions. With its commitment to innovation, customer support, and regulatory compliance, Shufti Pro is poised to become a leading provider of fintech solutions in São Tomé and Principe.