Financial Crime World

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Know Your Customer Due Diligence in Eritrea: The Key to Risk-Free Business Operations

In today’s digital age, businesses operating in Eritrea must adhere to strict regulations regarding customer due diligence and anti-money laundering (AML) measures. Failure to comply with these regulations can lead to severe consequences, including fines and even legal action.

Real-Time Identity Verification

Shufti Pro’s cutting-edge technology allows for the verification of customers’ identities in real-time, using a range of documents including:

  • National identity cards
  • Passports
  • Driving licenses
  • Credit/debit cards

This not only streamlines the onboarding process but also reduces the risk of fraud and identity theft.

Advanced KYC Solutions

Shufti Pro’s advanced KYC solutions are designed to meet the specific needs of businesses operating in Eritrea. Our system is capable of verifying documents issued by the Ministry of Internal Affairs, including:

  • National identity cards
  • Passports
  • Driving licenses

Document Verification

Our document verification process uses a range of technologies, including:

  • Optical character recognition (OCR) for Arabic, Tigrinya, and Tigre languages
  • Authentication of format, holograms, and rainbow prints on ID cards and passports to prevent fraud

AML Solutions

Shufti Pro’s AML solutions for Eritrean businesses help identify high-risk clients, improve client onboarding with faster PEP screening, and real-time sanction list monitoring. Our system uses global watch-lists, including:

  • FATF
  • EU
  • OFAC
  • HMT
  • Interpol
  • Other relevant lists

Customer Due Diligence

Eritrea is not a member of the Financial Action Task Force (FATF), but Shufti Pro recognizes the importance of customer due diligence in maintaining trustful business relationships. Our system is designed to help businesses operating in Eritrea strengthen their AML measures and reduce the risk of money laundering and terrorist financing.

Start Your Free Trial Today

Shufti Pro offers a 7-day free trial, allowing businesses to test our KYC and AML solutions without committing to a long-term contract. With Shufti Pro, you can rest assured that your business operations are secure, compliant, and risk-free. Sign up for your free trial today and experience the power of real-time identity verification and AML solutions in Eritrea.