Financial Crime World

Fraud Detection Methods Take Center Stage in Cape Verde’s Finance Sector

Cape Verde has taken a significant step forward in combating financial fraud and money laundering by embracing cutting-edge technology. Shufti Pro, a leading provider of KYC (Know Your Customer) and AML (Anti-Money Laundering) solutions, is at the forefront of this initiative.

Real-Time Identity Verification

Shufti Pro’s advanced identity verification system allows businesses to verify customer identities in seconds, ensuring that transactions are secure and trustworthy. The company’s proprietary technology checks for a range of factors, including:

  • Document accuracy
  • Holograms
  • Photo tampering

This ensures that businesses can onboard customers quickly and safely.

Document Verification Services

Shufti Pro’s platform offers a range of document verification services, including:

  • ID card verification
  • Passport verification
  • Driving license verification
  • Credit/debit card verification

Each service is designed to detect fraudulent activity, ensuring that businesses can operate with confidence.

Advanced AML Solutions

Shufti Pro’s AML solutions for Cape Verdean banks and businesses use global watch lists and real-time sanction monitoring to identify high-risk clients. The company’s technology screens against:

  • FATF (Financial Action Task Force) watch lists
  • EU (European Union) sanctions
  • OFAC (Office of Foreign Assets Control) sanctions
  • HMT (Her Majesty’s Treasury) sanctions
  • Interpol watch lists

This provides an additional layer of security for businesses operating in Cape Verde.

Customer Due Diligence

As a member of GABAC (Groupe d’Action Contre le Blanchiment des Capitols), Cape Verde promotes efficient measures for combating money laundering, terrorist funding, and other threats to the integrity of the international financial system. Shufti Pro’s AML solutions are designed to meet these standards, ensuring that businesses can operate with confidence.

Truly Global Identity Verification

Shufti Pro works with major industries worldwide, including:

  • Banks
  • E-commerce platforms
  • E-payments providers
  • Ride-sharing services
  • Online service providers

The company’s technology is truly global, offering a range of solutions for businesses operating in diverse markets.

In an era where financial fraud is increasingly prevalent, Shufti Pro’s advanced KYC and AML solutions offer a vital layer of protection for businesses operating in Cape Verde. With real-time identity verification, document verification services, and advanced AML solutions, the company is poised to revolutionize the way businesses operate in the region.