Georgia’s KYC Requirements: Know Your Customer in Seconds

Tbilisi, Georgia - In a bid to combat money laundering and terrorist financing, the Georgian government has introduced stringent Know Your Customer (KYC) requirements for businesses operating within the country.

Understanding Georgia’s KYC Requirements

The Financial Action Task Force (FATF), through the MONEYVAL Committee, has set global standards for combating money laundering, terrorist funding, and other threats to the integrity of the international financial system. Georgia is a member of this committee, which means that its businesses must adhere to these regulations.

Shufti Pro’s KYC Solutions

Shufti Pro offers a range of KYC services, including:

Document Verification

Verify national ID cards, passports, driving licenses, and credit/debit cards.
Ensure the authenticity and accuracy of customer documents.

Face Verification

Use next-generation facial recognition technology for remote authentication.
Enhance security with biometric verification.

Address Verification

Check the accuracy of customer addresses to prevent false deliveries and invalid locations.
Improve operational efficiency by reducing errors.

2FA Authentication

Easy and frictionless customer onboarding through 2-factor-authentication.
Secure sensitive information with an additional layer of protection.

Biometric consent verification with Selfie Verification and a Unique Message.
Ensure customers provide explicit consent for data collection and processing.

Benefits of Using Shufti Pro’s KYC Services

By using Shufti Pro’s KYC services, Georgian businesses can:

Enhance customer experience with faster onboarding and authentication.
Reduce the risk of money laundering and terrorist financing.
Improve compliance with FATF regulations.
Increase trust in business relationships.

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To learn more about Shufti Pro’s KYC services, visit their website at www.shuftipro.com.