Financial Crime World

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Cuba’s Know Your Customer (KYC) Process: A Guide to Effective Compliance

In a bid to strengthen financial regulations and combat money laundering, Cuba has implemented a robust Know Your Customer (KYC) process for businesses operating within its borders. The country’s KYC requirements are designed to ensure that all customers, including individuals and organizations, can be properly identified and verified.

Real-Time KYC Solution for Cuba

Shufti Pro, a leading provider of online identity verification services, offers a comprehensive KYC solution tailored to meet the specific needs of Cuban businesses. With our real-time KYC solution, you can verify customer identities in seconds, streamlining your onboarding process and reducing the risk of fraud.

Document Verification

Shufti Pro’s document verification service uses AI-powered technology to verify the authenticity of various documents, including:

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

Our service checks for accuracy, detects tampered or forged documents, and verifies holograms and rainbow prints.

KYC Services in Cuba

Our KYC services are designed to meet the requirements set by:

  • FATF (Financial Action Task Force)
  • AFILAT (Latin American Financial Action Task Force)
  • OFAC (Office of Foreign Assets Control)

We verify customer identities using a range of methods, including:

  • Face verification
  • Document verification
  • Address verification
  • 2FA authentication
  • Consent verification

AML Screening

Shufti Pro’s AML screening service helps Cuban businesses identify high-risk clients and improve client onboarding by screening against global watch lists and updating our data in real-time. Our service is designed to meet the requirements of:

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

Automated AML for Businesses

Our automated AML service uses advanced algorithms to identify high-risk clients and prevent fraudulent activities. By integrating Shufti Pro’s AML service into your business operations, you can reduce the risk of money laundering and terrorist financing.

Customer Due Diligence in Cuba

As a member of GAFILAT (Grupo de Acción Financiera de la Alianza Latinoamericana contra el Secuestro y Extorsión), Cuba is committed to implementing efficient measures for combating money laundering and terrorist funding. Shufti Pro’s KYC and AML services are designed to help Cuban businesses comply with these regulations, ensuring trustful business relationships and reducing the risk of financial crime.

Get Started Today!

Try our 7-day free trial today and experience the benefits of real-time KYC and AML solutions for your Cuban business. With Shufti Pro, you can streamline your onboarding process, reduce fraud, and ensure compliance with international regulations.